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LUNA/USDT Potential Upward Movement

LUNA/USDT Long-Term Trend: Bullish

Key Resistance Levels: 45.04, 45.50, 46.00.

Key Support Levels: 33.52, 26.78, 26.00.

Daily Chart:

The price on the higher time frame found support around the 26.78 USDT mark where the coin reversed and moved higher toward the key level. It succeeded also to break the next key resistance level around the 33.52 USDT mark, and it retraced to it. We expect a new impulsive wave now to the previous all time high.

LUNA/USDT Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair succeeded to break the bullish flag formation the upside with the help of a double bottom. A lower correction could be seen to the highlighted zone before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 33.71

TP 1 @ 43.01

TP 2 @ 45.04

Stop Loss @ 30.22

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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