Long
LUNA looking strong; 44% rise in 6 days
LUNA did not even reach down to the 78.6% Fibo retracement. After a constricted Bollinger Band, it just bounced from ma200 red line & went above all MAs. In 6 days making a 44% gain.
Now it went back inside that upchannel & is now testing the median line.(wave 5 continues)
I believe this upchannel will resume with that big green weekly engulfing candle.
On the downside, there is still a chance it might be rejected by that black uptrendline from wave 2 low & go back down to retest the FIBO 0.854 support zone (an extended ABC) before a big move up back to ATH at 106.
Not trading advice
Now it went back inside that upchannel & is now testing the median line.(wave 5 continues)
I believe this upchannel will resume with that big green weekly engulfing candle.
On the downside, there is still a chance it might be rejected by that black uptrendline from wave 2 low & go back down to retest the FIBO 0.854 support zone (an extended ABC) before a big move up back to ATH at 106.
Not trading advice
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.