📈 Daily TA: Terra (LUNA/USD)

Hello, dear members of LeoFinance!

Today I would like to comment on the price chart of Terra (LUNA).

This cryptocurrency has increased solidly within the last 3-4 months, almost x50. However, now, LUNA/USD is experiencing a correction within a Bullish Flag: As can be seen from the chart, right now, the price chart is approaching the range between the Fibonacci retracement levels of 38,2 and 61,8. In my view, it is highly probable that within this range LUNA/USD will receive support and, probably, a subsequent rebound will take place.

To be continued ...

As of the time of writing, one LUNA costs approximately $14,84 on the KuCoin crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Terra (LUNA/USD) | 12-04-2021