Technical analysis by CryptoCharts8884 about Symbol LUNA: Buy recommendation (8/11/2024)

A falling wedge pattern is a bullish reversal pattern that forms when the price of an asset is trending downward, and the highs and lows are both decreasing. This pattern is often seen as a sign of a potential reversal in the trend, as it indicates that the selling pressure is weakening.If the price of Luna breaks out of the falling wedge pattern, it could be a strong bullish signal, and we might see a rally towards $1 or even higher