LUNAUSDT
Luna is in the midst of putting in a Head & Shoulders Top.
The average percentage price decline of a Head & Shoulder's pattern occurring in a bull market is ~16%.
The pattern will confirm when price breaks under the yellow trendline.
A 16% drop from the yellow trendline would bring price to the ~$74 level, which coincides with the median line of the Schiff Pitchfork and the 50% retrace level.
Happy Shorting.
Kommentera:
Good thing it never crossed under that trendline. I would have been absolutely roasted.