Terra Luna: 1D Chart Review

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD).

The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price recently formed a Bear Flag Formation with the potential if the price keeps moving higher to form a Double Bottom Pattern. RSI and MFI are meeting resistance and Volume has been declining.

Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI ( Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud, Bear Flag Formation, and Double Bottom Pattern.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk