Luna analysis - 05/09/2021

Hello everyone

The price has risen forming a bullish channel, now the price has decreased forming a bearish channel within the main channel.

The price has reached 50% fibo between the 0.5 and 0.618 fibonacci level. Tracing a fibonacci from the break of the bearish channel we could have an entry at the 0.618 fibonacci level (orange) (31.99) to go long to the -0.272 (39.93) level.

You can leave your opinion below, thanks

Trader Dark Eyes



Information about the chart:

White line: TF 1D

Yellow Line: TF 12H

Gray Line: TF 4H

Blue arrow: Possible projection

Horizontal white line: Supports and resistance

Red line: Channels and patterns