Luna (Terra) poised for a quick recovery from current levels

Luna played out the break of the descending channel in its entire height quite accurately. The asset reached the previously established support zone of 7.30-5.40 which formed prior to the bull run and a bounce from there should lead to targets of T1: 10,5 T2: 13.25 T3: 15.779.

Smaller timeframes of 1H and 4H show multiple bullish RSI divergences and MFI levels suggest a U-turn is due.

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