Any thoughts on Luna?
Terra / Tether KUCOIN:LUNAUSDT
Hi all,
Hope you can give me input since I’m still nothing but an amateur in technical analysis .
What I see on the 2hr chart is:
– Bollingersqueeze coming up, with decline in Chaikin Money Flow and downwards movement of RSI , so expecting the squeeze to break downwards
– Breakdown out of the rising wedge that was formed until yesterday and now trying to get back into this rising wedge but facing resistance up till now
– Bearish divergence in all timeframes between chart and RSI
Should this mean we can count on a breakdown to resistance at 92$ and if rejected at 83$?
Thanks for your input!
