You know what's not fun? 50% drops. Terra might be at risk of one.
H&S patterns appear when the price forms three peaks in a row, with the middle peak higher than the other two . All three peaks come to a top at a common price floor called the"neckline."
Traders typically look to open a short position when the price breaks below the H&S neckline. However, some employ a"two-day" rule where they wait for the second breakout confirmation when the priceMeanwhile, the ideal short target for traders comes out to be at length equal to the maximum distance between the head and the neckline.
LUNA's daily momentum indicators, primarily the relative strength index and the money flow index , have both entered their respective oversold regions, which some might consider to be a buy signal. CRYPTOPIKK recognized that they could prompt the LUNA price to rebound but said"the trend still seems [to be] heading down."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Cointelegraph Consulting: The bigger role of LUNA in TerraOver the past year, the Terra ecosystem has come to host hundreds of DApps. Let’s take a closer look at the role its native token, LUNA, played in making this growth possible.
Lire la suite »
Terra (LUNA) Plunges While Crypto Market Remains in LimboConcerns surrounding the sustainability of the Anchor protocol are exerting selling pressure on Terra (LUNA)
Lire la suite »
Technical Analysis: Terra Luna Drops 20%, While Symbol Token Climbs on Friday – Market Updates Bitcoin NewsTerra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday's session.
Lire la suite »
Price analysis 1/28: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAXAnalysts forecast another sharp downside move in Bitcoin and altcoins even though technical charts are flashing a few early “bottoming” signals.
Lire la suite »
Bitcoin Volatility Continues: LUNA Dips 13% (Market Watch)Bitcoin's volatility struck again with a few more price fluctuations, while LUNA has dumped with double-digits since yesterday.
Lire la suite »
Layer by Layer Issue 18: Avalanche, Cosmos, Osmosis, Terra, PolkadotCrypto markets were in turmoil this week as prices of major tokens fell across the board, seemingly in heightened anticipation of developing macro
Lire la suite »