фото показано с : invezz.com
2021-10-15 16:36 |
After hitting a new all-time high at the start of October, Luna (LUNA/USD) has been in a correction phase, however, it has now shown signs of slowing down. Is it time for Luna to make another high?
After setting a new high Luna has corrected to its demand zone at $34 which is also the 0.618 Fibonacci level.A bounceback is expected from the lower trendline as Luna is reducing the rate at which is it is correcting.The RSI is extremely oversold and a crossover can also be seen, this is a very promising indication towards a reversal.Luna could set a new high after this corrective move, and a target of $70 can be set. Should you buy Luna now? On Friday Luna was forming an inverse head and shoulder pattern which is a bullish pattern, this is suggesting that a reversal may be coming very soon.If a long entry is taken a stop loss can be set below the demand zone at $30.A long entry can be taken once Luna breaks out from the inverse head and shoulder at $38 ConclusionLuna is looking very strong in the coming weeks and months, a long entry can be taken after the breakout from the inverse head and shoulder. The corrective move should be over soon and a new high could be set by Luna.
The post Is now a good time to buy Luna? Charts point to a potential rally appeared first on Invezz.
origin »Luna Coin (LUNA) на Currencies.ru
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