The price action on LUNA has me baffled to be honest. I do have a long trade on it and while I like at the chart I can't decided whether I'm expecting a price push to the upside or downside.
Did I Just Find a Triangle???
Looking at the chart above you can see price broke the 75 level that I was hoping would act as support. That obviously did not play out, then it broke what would have been an uptrend line only to rally back and get above 75.
However, I recognized we have the lower high that came after the all time high so drew a line (yellow line) off those two tops and price is currently finding with that line.
So the question is - is LUNA in an uptrend or downtrend???
The answer is.....we don't know yet. The next few days should be telling though.
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For me,I will say according to your chart. Luna is on uptrend because the 200 MA is below the candle .
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In my knowledge of cryptomarket if do not have another Ma Cross in ssort of 4 or 5 days, the price can up almost 10%. =) just my view of this crypto price.
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