Technical Analysis Update, Luna Classic LUNAC Coin News Today 2024-08-11

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Hello Everybody Welcome to my blog. Today we are going to talk About the Luna Classic LUNAC Coin News Today

Hello the weekly time frame has a falling wedge and it has the ability to break above and go back up here even up to the 22,000 level now it has not broken up

the fact that you have a resistance here and you just met the resistance and you can see that you are not breaking the above that resistance so here it is buy it support sell it resistance okay okay and I'm cool with it it's a trade it's a win I'm out

If you're wondering to buy be careful because this is resistance we bought off the support we sell the pump it's simple as that buy the Reds and sells the greens simply so if you are wondering I should be entering that Luna classic is moving to be careful because this is your resistance, however, if you end up breaking above here and you retest then you might try to take an entry because it may move back up because this is a huge falling wedge and the falling wedge is an bullish reversal chart pattern and you might actually just look at the reversal to go back to the upside but then again you need to break above

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