Pembelian
Luna at crucial point but showing reversal candles
LUNA has fallen from a solid uptrend above all eMAs in proper sequence when suddenly the negative risk-off sentiment in the stock market pulls it down back to the median of the up channel.
Price has bounced with big volume from ema 150 forming a long wick. The next day it retook ema100 with a big green candle giving us hope for a possible flag & reversal & an end to wave 4 abc correction.
Fighting is now going on between bear & bulls to breakout of the upper channel back into the 5 ema ribbon.
If bulls win we can say that wave 5 is on the table. If negative sentiment continues, the next strong supports are 60 & 50 near the ema 150 & 200.
As long as 60 or the median of channel holds, which is also along a GANN FAN line, I remain hopeful of a wave 5 scenario.
Not trading recommendation.
Price has bounced with big volume from ema 150 forming a long wick. The next day it retook ema100 with a big green candle giving us hope for a possible flag & reversal & an end to wave 4 abc correction.
Fighting is now going on between bear & bulls to breakout of the upper channel back into the 5 ema ribbon.
If bulls win we can say that wave 5 is on the table. If negative sentiment continues, the next strong supports are 60 & 50 near the ema 150 & 200.
As long as 60 or the median of channel holds, which is also along a GANN FAN line, I remain hopeful of a wave 5 scenario.
Not trading recommendation.
Catatan
Be careful as prices still making lower high & now a lower low. LUNA may still fall to the next GANN FAN line at around 34 strong support. Let us just hope that it will hold the black uptrend line.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.