Terra LUNA Is About To Start The Next Rally

Hi friends, hope you are well, and welcome to the new update on Terra (LUNA).

Big channel and possible reversal
On a weekly time frame, Luna is rejected by $100 resistance level and now breaking down the $78 support as well. Right now Luna has again dropped at the support of a big rising channel pattern. Below the support of the channel, there is also a support of weekly EMA 21 and $50 support. The next support after $50 will be $22. But there is a strong possibility of a price reversal from the support of the channel and after this reversal, the priceline of Luna can make another attempt to break out the $100 resistance.

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