Here’s what technicals indicate about LUNA’s decline phase

Terra (LUNA) was in a flimsy situation on its daily chart. Trading near its 20 EMA (red) 50-SMA (cyan), the altcoin wobbled below its Point of Control (POC, red). Now, bulls needed to save LUNA at its nine-month trendline support (white, dashed) to prevent the sellers from causing further drawdowns. At press time, the alt […]