Luna Technical Analysis 23 December, 2021

• Luna broke powerful resistance level 78.15
• Likely to rise to resistance level 100.00

Luna cryptocurrency recently broke through the powerful resistance level 78.15 (which stopped the previous impulse wave 1 at the start of December as can be seen from the Luna chart below). The breakout of the resistance level 78.15 accelerated the active impulse wave (i) – which then broke the wide daily up channel from September.

Given the strong daily uptrend , Luna cryptocurrency can be expected to rise further toward the next round resistance level 100.00 (which formed the top of the previous short-term wave (i), target or the completion of the active wave 3).

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