Possible Sideways squeeze for LUNA
With the current market conditions we could see Luna follow a sideways channel until a confirmed breakout in the coming weeks.
Luna touched strong support and if this holds you can follow the bottom red trendline.
Personally this will ride a lot on the current situation of BTC, if we see BTC drop to 28k this sideways movement could still be valid.
If BTC were to close weekly at around this area we can see LUNA recover earlier.
BTC has the ball in its court, lets see what it decides to do.
Luna touched strong support and if this holds you can follow the bottom red trendline.
Personally this will ride a lot on the current situation of BTC, if we see BTC drop to 28k this sideways movement could still be valid.
If BTC were to close weekly at around this area we can see LUNA recover earlier.
BTC has the ball in its court, lets see what it decides to do.
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