Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD).
The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price is sitting at the multi-month Support and Resistance line. RSI and MFI are around the oversold region so there may be a price move up, but the trend still seems heading down.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk