My followers made nice profit trading last LUNA idea of mine. You can see it in the link below. Now we have to take a step back and take a look at the bigger picture. In last idea, you can see a faded rising wedge that was invalidated by BTC drop (pulling LUNA down also). We traded that descending channel and made a nice profit, but now we can clearly see LUNA still respects this rising wedge. In the meantime we have bearish divergence formed on the RSI 4hr chart. Will we see some bigger correction, It could be the case since we have 2 bearish signs, rising wedge, and divergency. I should also mention that LUNA had a run-up of 320% without any significant correction. U should never underestimate the power of the herd, so it's possible we still can go up, but all signs for a move down are there and you shouldn't discard it. Be prepared for both scenarios...
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The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel
The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hit "follow the idea" to get notified about updates.
The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel
The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.