Price of Luna drops pretty heavily today.
4.08 area was very important support.
This is hourly chart and you can see price touched it twice before broke out below with huge volume!
After the breakout of 4.08, price dropped 66 cent losing %80 of its value in just 3 hours!
This move is insanely speculative even for crypto markets!
It is obvious something other than technical analysis caused this!
But in pure technical analysis sense, if Luna is to rise 4.08 resistance is important.
We got rejected 4.08 area twice in 2 hours today.
Short and long term important resistance zones for Luna
4.08
8.79
If price can breakout above these areas we can says bulls are winning.
But there are some fundamental problems with Luna that Terra Project should solve first!
Follow for more charts and ideas.
Thanks.
4.08 area was very important support.
This is hourly chart and you can see price touched it twice before broke out below with huge volume!
After the breakout of 4.08, price dropped 66 cent losing %80 of its value in just 3 hours!
This move is insanely speculative even for crypto markets!
It is obvious something other than technical analysis caused this!
But in pure technical analysis sense, if Luna is to rise 4.08 resistance is important.
We got rejected 4.08 area twice in 2 hours today.
Short and long term important resistance zones for Luna
4.08
8.79
If price can breakout above these areas we can says bulls are winning.
But there are some fundamental problems with Luna that Terra Project should solve first!
Follow for more charts and ideas.
Thanks.
