Hi all. Today I wanna take a look at Luna. There’s a lot of good stuff to look at so let’s get to it!
Luna recently came up and tested its ATH and it’s looking like it’s setting up to break out past that. After breaking past the 0.786 FIB resistance, it has pulled back to the 0.618 and bounced off of it. This is a great sign pointing to a breakout. Along with the BTC pair just days ago setting a new ATH, should we get any kind of upward momentum from BTC, Luna will absolutely blast off. It’s looking like she is gonna go regardless of BTC anyway. Once it breaks it’s previous ATH, the next stop of any real resistance is at the 1.618 at $144 USD. This is where I’m going to look to take some profits as I expect it to hit this resistance level then retrace some. Should Luna breakdown,look for support at $82 and $74.