LUNA/USDT update : 103 resistance to watch

Previous analysis 7/04/2022 :

After having broke 91,70 (exhaustion warning) Lune consolidate to 76 before bouncing off. The 50% retracement area has been reached and for now onlt a reintegration of 103 (61,8% Fibo level) would leans towards a direct rise towards the next target (New ATH)

For now a test of 62/63 can’t be ignored – the RSI is mixed and the EMA challenged.

Tactical View

To dangerous to short on my opinion, but for the trader who tooked profit around 108 i would wait a confirmation to re-enter, a new drop below 76 will give an opportunity to renter in the long-term trend (Most likely scenario in green)

The important things to understand is : we are drawing a consolidation pattern which will produce a new ATH in the coming weeks… So for long term Holder no reason to sell at the moment – not before 148

Enjoy my friend