Luna price is contained inside a right-angled broadening wedge pattern on the daily chart. The digital asset faces a robust resistance trendline as key indicator is close to presenting a sell signal. A breakout above a key resistance level will push the digital asset by 40%. Luna price has just established a new all-time high at $9.35 but could be on the verge of a pullback after a significant rally in the past two months. Luna price at risk of falling towards $5.5 On the daily chart, LUNA has established a right-angled broadening wedge pattern which is considered bearish. At the same time, the TD Sequential indicator has presented a green ‘8’ candlestick which is usually followed by a sell signal. LUNA/USD daily chart The confirmation of the sell signal has the potential to drive Luna price down to the lower trendline support located at $5.5. LUNA/USD daily chart However, on the flip side, if the bulls can push LUNA above the upper resistance trendline and see a daily close there, the digital asset will explode by 40% in the long-term towards $13. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/USD Price Analysis: Bulls lurking in demand zone, eyeing a 38.2% Fibo correction FX Street 1 year Luna price is contained inside a right-angled broadening wedge pattern on the daily chart. The digital asset faces a robust resistance trendline as key indicator is close to presenting a sell signal. A breakout above a key resistance level will push the digital asset by 40%. Luna price has just established a new all-time high at $9.35 but could be on the verge of a pullback after a significant rally in the past two months. Luna price at risk of falling towards $5.5 On the daily chart, LUNA has established a right-angled broadening wedge pattern which is considered bearish.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
