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Trading View May 11, 2022

LUNA bold prediction

LUNA bold prediction

LUNA bold prediction

Luna / TetherUS BINANCE:LUNAUSDT

nagihatoum

LUNA almost died today because of its UST stablecoin. I am trying to predict the next move. And I predict a move to previous support at $20. Sounds outrageous considering the utter failure of Luna’s stable coin and absolute capitulation.

But this is an exercise in technical analysis , we see CCI breaking out of its downtrend and the macd forming a bullish divergence . There is obviously a lot inefficiency in the mad rush to sell LUNA which I think needs to be closed. A retest of previous range support at $20 is my bet for the next move.

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