ðĨ LUNA Rally Continued: Rising Wedge
LUNA has been outperforming the vast majority of the market over the last couple of weeks. In addition, I think this rally is far from over.
As seen on the chart, LUNA has been following a massive 1-year rising wedge. The upper resistance from said wedge is still another 40-60 percent away. Assuming that the market will stay relatively stable, I think that LUNA will continue rising until the resistance has been hit.
After that, a bearish correction is to be expected. Be aware that we might even rise further, but a lot of investors will be watching this pattern and will place their exit orders around strong resistances.
Happy trading!
As seen on the chart, LUNA has been following a massive 1-year rising wedge. The upper resistance from said wedge is still another 40-60 percent away. Assuming that the market will stay relatively stable, I think that LUNA will continue rising until the resistance has been hit.
After that, a bearish correction is to be expected. Be aware that we might even rise further, but a lot of investors will be watching this pattern and will place their exit orders around strong resistances.
Happy trading!
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