LUNA - down into range market area
Updated
To review, the 1w & 1d RSI, sRSI, EFI and MacD indications show continued downtrend. In a nutshell, down trend to continue for a couple weeks.
Looking at the 8h the PA bounced off a support area but shorter timeframes show this bounce has bounced its bounce. I believe PA will settle down into a range market area defined between $45 and $39 and bounce around that area for a while.
Thence, after accumulating wondrous things, and if bitcoin finds its bottom, and if the dollar doesn't tank, and if another variant doesn’t comes along, and if the fed behave’s, and if the bond market gets rosy, and if the price of beef goes down, and the shape of the moon is just right, LUNA will continue its journey UP.
My thoughts, not advice Oklah. Cheers
Looking at the 8h the PA bounced off a support area but shorter timeframes show this bounce has bounced its bounce. I believe PA will settle down into a range market area defined between $45 and $39 and bounce around that area for a while.
Thence, after accumulating wondrous things, and if bitcoin finds its bottom, and if the dollar doesn't tank, and if another variant doesn’t comes along, and if the fed behave’s, and if the bond market gets rosy, and if the price of beef goes down, and the shape of the moon is just right, LUNA will continue its journey UP.
My thoughts, not advice Oklah. Cheers
Note
It appears the LUNA didn't drop as far as I had thought at the time. However, PA did behave as I thought for about the time length. Presently, longterm charts look positive for LUNA.
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