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LUNAUSDT

Luna / TetherUS BINANCE:LUNAUSDT

CryptoCharts8884

A falling wedge pattern is a bullish reversal pattern that forms when the price of an asset is trending downward, and the highs and lows are both decreasing. This pattern is often seen as a sign of a potential reversal in the trend, as it indicates that the selling pressure is weakening.

If the price of Luna breaks out of the falling wedge pattern, it could be a strong bullish signal, and we might see a rally towards $1 or even higher

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The key scenario

Luna / TetherUS BINANCE:LUNAUSDT

MonoCoinSignal

The trend of LUNA is currently ranging and has been stuck in this range. A triangle pattern has formed, and it continues its ranging movement within this triangle, creating equal highs and lows.
The key scenario is the breakout of this triangle. If it breaks and then pulls back to the triangle, we can expect the price to move downwards.

Originally posted here: https://ift.tt/daHCoDv

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LUNA looks bearish

Terra/Tether GATEIO:LUNAUSDT

behdark

It looks like we have a big ABC, and wave B is a triangle that has ended.

Now we expect that the red range will not be lost and we will enter the big wave C.

Closing a daily candle above the invalidation level will violate this analysis

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Originally posted here: https://ift.tt/QcDOfYw