LUNA began it's decline 16 hours before BTC and ETH started to drop yesterday, and the rest of the cryptomarket has largely followed suit since.
We often see the market leaders be the first and fastest to drop during market correction, and those leaders tend to correct again faster than the broader market.
We see RSI divergence in LUNA on the 30m chart and a perfect bounce of the 0.786 Fib level. A break above the 0.5 Fib level would be a good indication that price is headed back up to recent highs, while a further drop would set up for a long entry at the support level around 85.
This is not financial advise, you a responsible for your own trading decisions.
Please like, follow and drop a comment below to let me know what you think will happen!
We often see the market leaders be the first and fastest to drop during market correction, and those leaders tend to correct again faster than the broader market.
We see RSI divergence in LUNA on the 30m chart and a perfect bounce of the 0.786 Fib level. A break above the 0.5 Fib level would be a good indication that price is headed back up to recent highs, while a further drop would set up for a long entry at the support level around 85.
This is not financial advise, you a responsible for your own trading decisions.
Please like, follow and drop a comment below to let me know what you think will happen!
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Not financial advice, you're responsible for your own trading decisions.