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LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Double Bottom watch. Recommended ratio: 40% LUNA, 60% cash. Price is currently trending down at $81.25 and still testing $84.05 resistance as support after closing above it in yesterday's session; if it can close above $84.05 in today's session it would become support and if it closes below it would stay resistance. Volume remains very low and fairly balanced between buyers and sellers, it's currently on track to favor sellers in today's session. Parabolic SAR flips bullish at $94.75, this margin is mildly bullish. RSI is currently trending down at 43.52; the next support is the descending trendline from August 2021 at 39 and the next resistance is at 51.40. Stochastic remains bullish and is on the verge of crossing over bearish at 37.53, just below 43.42 resistance. MACD remains bearish and is currently trending sideways at -2.54 testing -2.43 minor support. ADX is currently trending sideways at 15 as Price is testing $84.05 resistance as support. If Price is able to close above $84.05 resistance in today's session it would turn to support, then a retest of $92.78 becomes the next likely scenario. However, if Price closes below $84.05 resistance then it will likely retest $78.04 minor support. Mental Stop Loss: (one more close above) $84.05 resistance.
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by dailytaguy
LUNA/USD Daily Neutral BearishLUNA/USD Daily neutral with a bearish bias. Equity and crypto markets rallying on FOMC announcement of 50 bps funds rate hike and June 1st start of balance sheet reduction. Double Bottom watch. Recommended ratio: 45% LUNA, 55% cash. Price is currently breaking out above $84.05 resistance at $87 and will look to close above it in today and tomorrow's session to establish a short term Double Bottom. Volume remains very low and favored sellers in yesterday's session (leading up to the FOMC announcement) but is now favoring buyers after the announcement. Parabolic SAR flips bullish at $95.66. RSI is currently trending up at 49.62 as it fast approaches a retest of 51.40 resistance. Stochastic remains bullish and is currently testing 43.42 resistance. MACD remains bearish and is forming a trough at -2.43 as it attempts to form a bullish crossover (at -1.97). ADX is currently trending down at 14.7 as Price is surging upward, this is mildly bearish at the moment but can change to bullish if it can bounce soon. If Price is able to turn $84.05 resistance to support, then the next likely target is a retest of $92.78 minor resistance. However, if Price falls back below $84.05, then it will likely retest $78.04 minor support before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy
LUNA/USD Weekly TA Neutral BearishLUNA/USD Weekly neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Price is currently testing the uptrend line from August 2021 (this time at $82.50) for the fourth consecutive week. Volume remains very low and is fairly balanced between buyers and sellers, indicating that this is a consolidation before a pending breakout or breakdown. Parabolic SAR flips bearish just below $57.15 minor support. RSI is currently trending sideways at 54.63 just below the uptrend line from September 2020 (enough for it to still be testing it as support). Stochastic is currently on the verge of a bullish crossover at 32.46 support; if it can do this it will have another opportunity to test the descending trendline from September 2021 at ~50. MACD remains bearish and is currently trending down at 10.55, the next support (minor) is at 6.89. ADX is trending up slightly at 40 as Price tests a critical support on an uptrend, this is mildly bullish at the moment. If Price is able to defend support at the uptrend line from August 2021 ($82.50), then the next likely target is a retest of $87.51 minor resistance before potentially retesting $100. However, if Price breaks down here, it will likely retest $75.86 minor support before potentially retesting the lower trendline of the ascending channel from July 2021 at $65-$70. Mental Stop Loss: (two consecutive closes above) $87.51.
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 30% LUNA, 70% cash. Double Bottom watch. Price is currently facing rejection at $84.05 resistance after failing to close above it in yesterday's session. Volume remains low and is on track to spoil a three-consecutive-day streak of buyer dominance if it closes today's session in the red. Parabolic SAR flips bullish at $96.66, this is neutral at the moment. RSI is currently trending down at 42.34, the next support is a retest of the descending trendline form August 2021 at ~38. Stochastic is currently crossing over bullish at 30.65, just above 21.78 support. MACD remains bearish and is currently breaking down below -2.43 minor support at -2.70 with no signs of trough formation. ADX is trending down slightly at 15.86 as Price has encountered a critical resistance, this is neutral at the moment. If Price is able to breakout and close above $84.05 resistance two consecutive sessions, then the next likely target is a retest of $92.78 minor resistance. However, if Price is rejected here, then it will likely retest $78.04 and may potentially go lower depending on overall market conditions. Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Double Bottom watch. Price is currently breaking out above $84.05 resistance as it aims to close above it in today's session. Volume remains very low and is on track to favor buyers for two consecutive sessions now, which strengthens the case for a Double Bottom recovery. Parabolic SAR flips bullish at $97.54, this margin is still mildly bullish. RSI is trending up at 45.30 after bouncing sharply off of the descending trendline from August 2021 at ~40; the next resistance is at 51.40. Stochastic remains bearish and is currently forming a trough at 27.51, a bullish crossover here would prevent it from testing 21.78 support. MACD remains bearish and is currently forming a trough at -2.43 minor support. ADX is trending up slightly at 15.86 as Price is attempting to play out a Double Bottom formation, this is neutral at the moment. If Price is able to close above $84.05 resistance in today's session and then again in tomorrow's session, the next likely target is a retest of $92.78 minor resistance (which should coincide with the 50 MA). However, if Price is rejected by $84.05 resistance, then it will likely retest $78.04 and potentially fall lower. Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 20% LUNA, 80% cash. **Sunday bull-trap watch (bearish) / Double Bottom watch (bullish) **. Price is currently testing $78.04 minor support and could potentially be forming a short term Double Bottom if it can follow through with today's bounce. Volume remains very low and is on track to break the two day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $98.40, the margin of this gap is mildly bullish at the moment. RSI is currently trending up at 42.88 after bouncing off of the descending trendline from August 2021 at ~40; if it can establish support here, the next resistance would be at 51.40. Stochastic remains bearish and is currently trending down at 26.70 as it fast approaches 21.78 support. MACD remains bearish and is currently beginning to form a trough at -2.43 minor support; if it can hold support here, this would be mildly bullish. ADX is trending up at 17 as Price is testing $78.04 minor support, this is mildly bearish. If Price is able to defend support (minor) at $78.04, then a short term Double Bottom will probably be in play and Price will likely test $84.05 resistance. However, if it continues to fall here, a classic Sunday bull-trap would probably be confirmed and it will likely test the 200 MA at $70.15 support. Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 15% LUNA, 85% cash. Price is currently breaking down below $84.05 support (at $79.75) and is approaching a retest of $78.04 minor support. Volume remains very low and is on track to favor sellers for a second consecutive session if it closes today in the red. Parabolic SAR flips bullish at $99.32. RSI is currently trending down and testing the descending trendline from August 2021 at ~40, this is a critical support test. Stochastic remains bearish and is currently testing 43.42 support. MACD remains bearish and is currently trending down at -1.97 as it fast approaches a retest of -2.43 minor support. ADX is in fact forming a trough and is currently trending up at 16 as Price continues to fall, this is bearish. If Price is able to establish support at $78.04 minor support, then it will likely test $84.05 as resistance. However, if Price breaks down below $78.04 minor support (which is very plausible at the moment), then it will likely retest $70.15 support (which would coincide with the uptrend line from July 2021). Mental Stop Loss: (two consecutive closes above) $84.05.
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 25% LUNA, 75% cash. Price is currently testing $84.05 support. Volume ended up closing yesterday's session out in the green and remains very low as it looks on track to end the two day streak of buyer dominance with a close in the red. Parabolic SAR flipped bearish at $84.05 support and now must reach $99.60 to flip back to bullish. RSI is currently trending down at 44.91 and the next support is at the descending trendline from August 2021 at around 40. Stochastic remains bearish and is trending down at 57.32 and the next support is at 43.42. MACD crossed over bearish in today's session and is currently trending down at -1.42, the next support is at -2.43. ADX is currently beginning to show signs of trough formation at 15.86 but is still trending down as Price depreciates, this is mildly bearish at the moment. If Price is able to defend support at $84.05, then it will likely consolidate between that level and $92.78 minor resistance. However, if Price breaks down below $84.05 support, then it will likely retest $78.04 minor support before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $92.78.
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 30% LUNA, 70% cash. Price is currently printing a Gravestone Doji candle (bearish) at $89 as bulls were swiftly rejected at $92.78 minor resistance. Volume remains very low and is on track to favor sellers in today's session, which is bearish considering how close the MACD is to a bearish crossover and how Price has been hovering between support and resistance for five consecutive sessions now. Parabolic SAR flips bearish at $84.05 support, this remains bearish. RSI remains trending sideways at 47 and is beginning to slightly trend down, the next support is at the descending trendline from August 2021 at ~40. Stochastic remains bearish and is currently trending down at 61 after breaking down below 69.86 support; the next support is at 43.42. MACD remains bullish (correction from yesterday's TA where I incorrectly labeled it bearish) and is on the verge of a bearish crossover as it continues to hover at -1.06; a continued fall in Price in the next session will likely cause aforementioned bearish crossover and the next support is at -2.43. ADX remains stalled yet trending down at 17 as it appears to be nearing an inflection point where it will likely form a trough; if this happens and Price continues to fall, this would be bearish. If Price is able to surge here and reclaim $92.78 minor resistance, the bearish thesis would be invalidated and the next likely target would be a retest of $102.60 minor resistance. However, if Price breaks down here then it will likely retest $84.05 support (and potentially lower). Mental Stop Loss: (two consecutive closes above) $92.78.
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by dailytaguy
LUNA/USD Weekly TA Neutral BearishLUNA/USD Weekly neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Price is currently testing $87.51 minor support after bouncing from the August 2021 uptrend line (the Bullish Engulfing Candle was barely denied). Volume remains very low and is on track to favor sellers in this week's session; it has arguably been shrinking since November 2021 indicating that a major breakout or breakdown is likely pending. Parabolic SAR flips bearish all the way down at $54.80, such a wide margin is bearish. RSI is currently trending sideways at 57.07 for the second consecutive week as it tests the uptrend line from October 2019 as support for the first time since February 2022. Stochastic remains bearish and is currently attempting to form a trough at 37.63; the next support is at 32.46. MACD is currently in its first session of being bearish at 11.83 after crossing over at 12. ADX is trending sideways at 40 as Price attempts to defend $87.51 minor support, this is neutral at the moment. If Price is able to defend $87.51 minor support, the next likely target is a formal retest of $100 resistance before potentially breaking out higher. However, if Price breaks down here, then it will have the uptrend line from August 2021 at ~$85 as a final support before retesting $75 minor support. Mental Stop Loss: (two consecutive closes above) $100.
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 35% LUNA, 65% cash. Price is currently breaking down at $88.70 after forming a Bearish Engulfing Candle in yesterday's session. Volume remains very low and is on track to favor buyers in today's session as the bulls stage one last attempt at establishing support at $92.78 resistance. Parabolic SAR flips bearish at $84.05 support; this is bearish. RSI is currently trending sideways at 47 after it has been hovering around 51.40 resistance since 04/18/22; this is mildly bearish. Stochastic remains bearish for a second consecutive session and is currently trending down at 73 as it approaches 69.86 support. MACD remains bearish and is trending down at -0.95; if it crosses below -1.06 it will be a bearish crossover. ADX continues to trend down at 17 as Price faces stiff resistance at these levels, this is still neutral at the moment; a bounce here accompanied by more Price depreciation would be bearish. If Price is able to bounce in tomorrow's session and create a Bullish Engulfing Candle that takes it above $92.78 resistance, the next likely target would be a retest of $102.60 minor resistance. However, if Price continues to fall here then it will likely retest $84.05 support. Mental Stop Loss: (two consecutive closes above) $92.78
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Price is forming a Bearish Engulfing Candle in today's session and is currently breaking down below the 50 MA ($94.80) + $92.78 minor resistance at $89. Volume remains very low and broke the two day streak of buyer dominance in today's session when Price was rejected at the 50 MA. Parabolic SAR flips bearish at $82.76. RSI is breaking back down below 51.40 resistance and is currently trending down at 48. Stochastic is currently in the process of a regressing to a bearish crossover at 79 after one day of being bullish; the next support is at 69.86. MACD remains bullish and is currently trending down at -0.83 after peaking at -0.72. ADX is trending down at 18 as Price continues to swing in extreme volatility, this is neutral at the moment; direction will be provided upon trough formation. If Price is able to close above the 50 MA ($94.80), the next likely target is a retest of $102.60 minor resistance. However, if Price closes today in a Bearish Engulfing Candle, then it will likely retest $84.05 support. Mental Stop Loss: (one close above) $94.80.
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 45% LUNA, 55% cash. Price is currently retesting the 50 MA as resistance as it attempts to flip $92.78 from minor resistance to support. Volume remains very low and is on track to favor buyers for two consecutive sessions if it is able to close today in the green; this scenario would be mildly bullish. Parabolic SAR flips bearish at $82. RSI is breaking out above 51.40 resistance and is currently trending up at 53. Stochastic is currently in the process of regressing to a bullish crossover at 79.50 after being bearish for two sessions, the next resistance is at max top. MACD remains bullish and is currently trending up at -0.88 as it approaches a test of 0 resistance. ADX is trending down at 19 as Price is surging in today's session, this is neutral at the moment. If Price is able to close above the 50 MA, it would need another consecutive close to establish support; then the next likely target would be a retest of $102.60 minor resistance. However, if this is a bull trap and Price falls back below $92.78 minor resistance, the next likely target would be a retest of $84.05 support. Mental Stop Loss: (two consecutive closes above) $92.78.
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by dailytaguy
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Short/medium term bias has turned bearish after closing yesterday's session (earlier today) below $92.78 minor resistance. Price is currently trending down at $89.60 and is attempting to establish a new minor support to avoid retesting $84.05 support. Volume remains very low and continues to be fairly balanced indicating that consolidation still has not been ruled out entirely. Parabolic SAR flips bearish at $81.20. RSI is trending down at 47.50 after being rejected by 51.40 for the third time in five days. Stochastic crossed over bearish in yesterday's session and is currently trending down and testing 69.86 support. MACD remains bullish but is barely resisting a reversion to a bearish crossover for what is now four consecutive sessions; it is currently trending sideways at -1.24, if it were to fall below -1.35 it would cause a bearish crossover. ADX is currently trending down at 20 as Price is attempting to recapture support at the 50 MA, this is mildly bearish. If Price is able to recapture the 50 MA + $92.78 as support, then the next likely target is a retest of $102.60 minor resistance. However, if Price continues to fall here then it will likely retest $84.05 support. Mental Stop Loss: (two consecutive closes above) $92.78.
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by dailytaguy
LUNA/USD Daily TA Neutral BullishLUNA/USD Daily neutral with a bullish bias. Recommended ratio: 70% LUNA, 30% cash. Price is currently testing the 50 MA + $92.78 minor resistance for the fifth consecutive session; this consolidation is slowly weakening and risks becoming a capitulation but still favors bulls in the short to medium term. Volume remains low and is fairly balanced between buyers and sellers, this is neutral at the moment. Parabolic SAR flips bearish at $79.57. RSI is currently trending down at 48.51 as it hovers just below 51.40 resistance for the fifth consecutive session, this is mildly bearish. Stochastic remains bullish and is currently resisting a bearish crossover at 83.48, the next support is at 69.86 and the next resistance at max top. MACD remains bullish for the second consecutive session and is trending up at -1.05, the next resistance is at 0. ADX is trending down at 21.82 as Price continues to consolidate, this is mildly bearish. If Price is able to establish support at the 50 MA + $92.78, then the next likely target is a retest of $102.60 minor resistance. However, if Price breaks down out of consolidation, then it will likely face capitulation which would take it down to retest $84.05 support. Mental Stop Loss: (one close below) $89.66.
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by dailytaguy
LUNA/USD Daily TA Cautiously BullishLUNA/USD Daily cautiously bullish. Recommended ratio: 80% LUNA, 20% cash. Price is currently testing the 50 MA at $92.78 minor resistance for a third consecutive session in attempts at establish support. Volume remains very low and broke the two day streak of buying in the previous session earlier today, if Volume can favor buyers in today's session it would be bullish. Parabolic SAR flips bearish at $78.04 minor support. RSI is currently trending sideways at 51.40 resistance for a third consecutive session as it attempts to establish support there; the next resistance is at 60.13. Stochastic remains bullish and is currently trending up at 90 (blowing past 69.86 resistance), the next resistance is at max top. MACD is currently in the process of crossing over bullish at -1.50 after establishing support at -2.43. ADX is trending down at 23.20 as Price is consolidating, this is mildly bearish; however, a bounce here with continued Price appreciation would be bullish. If Price is able to establish support at the 50 MA and turn $92.78 from resistance to support, the next likely target would be a retest of $102.60 minor resistance. However, if Price breaks down below $92.78 it would likely retest $84.05 support. Mental Stop Loss: (two consecutive closes below) $92.78.
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by dailytaguy
LUNA/USD Weekly TA Neutral BullishLUNA/USD Weekly neutral with a bullish bias. Recommended ratio: 60% LUNA, 40% cash. Price is currently breaking out above $87.51 minor resistance and forming a massive Bullish Engulfing candle as it attempts to defend support at the uptrend line from August 2021 ($82). Volume remains very low and has been shrinking for four consecutive sessions now, indicating that a breakout or breakdown is pending in the coming weeks. Parabolic SAR flips bearish at $53.23, this is mildly bearish considering that Price can fall an additional 23% and still wouldn't flip SAR bearish. RSI is currently bouncing off of the uptrend line from November 2019 (55) and is trending up at 59; the next resistance is at 64.56, which RSI would have to break out above in order to test the descending trendline from February 2021 (70-73). Stochastic remains bearish and is currently trending down at 43.43 after being rejected by the descending trendline from September 2021 at 66.26 resistance. MACD remains bullish and is currently resisting a bearish crossover by trading sideways at 12.53; if it were to fall below 12.08 then MACD would crossover bearish. ADX is trending sideways at 41 as Price is surging, this is neutral at the moment; if ADX is to start trending up as Price continues to appreciate then this would be bullish. If Price is able to turn $87.51 minor resistance to support (by closing above it in two consecutive sessions), then the next likely target is a retest of the ATH at $119.72. However, if Price breaks down below the uptrend line from August 2021 ($85-$87), then it will likely retest the lower trendline of the ascending channel from July 2021 at $74.60 minor support. Mental Stop Loss: (two consecutive closes below) $87.51.
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by dailytaguy
LUNA/USD Daily TA Neutral BullishLUNA/USD Daily neutral with a bullish bias. Recommended ratio: 55% LUNA, 45% cash. **Bull trap watch continues until daily closes above $84.05 by 8pm; if it doesn't, it would invalidate the bullish positioning**. Price is currently testing the 50 MA at $92.78 minor resistance after surging past $84.05 on a breakout that took 8 days to develop. Volume remains very low even after surging in yesterday's session and is on track to favor buyers for two consecutive sessions. Parabolic SAR flipped bullish in today's session and would now flip bearish at $76. RSI is currently testing 51.40 resistance, if it's able to breakout above this level then the next resistance (minor) is at 60.13. Stochastic remains bullish and is currently trending up at 37; the next resistance is close by at 43.42. MACD remains bearish and is currently trending up at -2.43 minor support in attempt to cross over bullish at -1.50; if it can cross over bullish then the next likely target is a test of -0.12 resistance. ADX is trending down at 26 as Price continues to push higher, this is mildly bearish at the moment and would need a bounce in the coming sessions to help validate continued Price appreciation. If Price is able to breakout above $92.78 minor resistance (which currently coincides with the 50 MA), then the next likely target is a retest of $102.60 minor resistance. However, if Price is rejected here then it will likely retest $84.05 as support. Mental Stop Loss: (two consecutive closes below) $84.05.
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by dailytaguy
LUNA/USD Daily Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. *Bull trap watch*. Price is currently breaking out above $84.05 resistance (at $89) after testing (and bouncing off of) $78.04 minor support. Volume ended the 7 day streak of shrinkage when demand showed up at $78.04 minor support. Parabolic SAR flips bullish at $92.78 minor resistance. RSI is currently trending up at 48.50 after testing the descending triangle from August 2021 at ~40 for a little over a week (strengthening the case for established support); the next resistance is close by at 51.40. Stochastic is forming a bullish crossover and is currently trending up at 15.36; the next resistance is at 21.78. MACD is forming a trough and is currently trending up at -3.55 (it is still technically testing -2.43 minor support); a move above -1.28 would likely lead to a bullish crossover. ADX is trending down slightly at 29 as Price surged in today's session, this is neutral at the moment. If Price is able to break out above the 50 MA + Parabolic SAR at $92.78, the next likely target is a retest of $102.60. However, if Price is rejected at $92.78, it will likely test $84.05 as support. Mental Stop Loss: (two closes above) $84.05; currently on track for one close above today but to be mindful of the threat of a bull trap, two closes above $84.05 would help confirm support.
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by dailytaguy