Moon will back to the moon
Luna pump with 100% profit last night, and stop at resistance.
in this chart, I will try to explain what happen at luna.
Rising wedge pattern
last night movement stopped at previous resistance trendline and create a big rising wedge pattern.
If luna pullback, rising wedge support can be a new higher low before continue bullish with 68% profit range.
0.9696 will be next strong resistance, this resistance are next bullish target
Classic support (CSR)
0.5866 are previous resistance and became new support. this point will hold bearish movement
0.5843 Classic support are also fibonacci 0.618 support, target from this area at fibonacci 1.272, and this level are same as resistance line. And if this resistance break up, we will see this moon back to the moon.
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Originally posted here: https://ift.tt/0zNQubG