After a strong rally LUNA has been into a correction move. Please check on 4hrs chart to understand it properly. And use Fibonacci retracement to check the levels.
We did analysis on hourly chart and seems like LUNA is still in downtrend and it broke a Rising wedge pattern too which was retraced exactly from the 50% Fibonacci level. Now to make sure this move is continued we used Fibonacci extension to mark our upcoming targets.
We have shown it on the chart.
Also our Supertrend shows that the trend is bearish to it make more sense to plan short trade.
Trade safe
We did analysis on hourly chart and seems like LUNA is still in downtrend and it broke a Rising wedge pattern too which was retraced exactly from the 50% Fibonacci level. Now to make sure this move is continued we used Fibonacci extension to mark our upcoming targets.
We have shown it on the chart.
Also our Supertrend shows that the trend is bearish to it make more sense to plan short trade.
Trade safe