LUNA has now entered a volatile price discovery phase after breaking the previous ATH.

We saw a shallow dip from $18 to $15.7 and then started zoomin' again!

LUNA could be progressing with a blow-off top towards $40, but we are reaching overbought levels already, so this is not the time to buy more. A 50% correction might be in the cards in the coming weeks.

I will be looking for a big green candle as an exit signal (preferably on high volume).

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

Please consider leaving a comment, like or rehive, if this post entertained you or helped you see things differently...

Have a nice day :-)

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