LUNA POSSIBLE SHORT WATCH OUTLUNA Technical Analysis.
Daily TF:
Strong bearish divergences, trendline confluences & strong fib levels, strong resistance.
Reclaim of the horizontal trendline or a closure above $89 is an invalidation of this setup, however, in order for this full setup to play out hiding your SL above $94 would be a better deal, 1.14 fib level..
Good R:R but might take days to play out.
Lunashort
LUNA short term shortTotal Market:
- Over extended, weak 4h and 1h close showing bears defending. Looks like we are going to see some chop consolidation, so expecting a short term pull back to downside
Weekly:
- Beneath weekly zone and 20 Ema that has continued to act as resistance, currently testing that area
4H:
- Currently testing 4H resistance zone, price is very over extended (flat line on stoch) and weak close on 4h
15 min: (entry)
- Rejected at resistance with inverted bearish hammer close showing bears coming in at this area
Trade Management:
- This is a tester trade (only 0.25% risked) so I dont plan on scaling in or out. Will be managing trade discretionally based on total market price action
Stop loss: 60.25
- just above resistance zone and wick from 15 min hammer candle
Take profit: 52.03
- Halfway thru channel at highest level of volitility (VPVR) giving me a 4:1 R
LUNA Rejection on 800 EMA Heading downwardsHi Traders,
This is the 4 Hour char of LUNA USDT. on the first Rectangle box, it has well played the W Formation.
and gave a first HIT to the 800 EMA (Purple Line) but got Rejected from there.
On the second Rectangle box, it tried to break the 800 EMA (Purple Line) but couldn't go above it . This rejection has ended up making a Double top Formation ( M ).
which is a bearish sign. it could possibly move towards the support zones .
Not a Financial Advice
Please comment down your views and Give a thumbs up . if you like it .
Thank you
Potential short on LUNALooking like another opportunity to short here on LUNA 30min. Some nice downside if we break this MA here. If plays out like last time may see bounce first. Also, we need BTC to cooperate.
LUNA might dump moreOk, just yesterday I bought some LUNA in order to accumulate because looking at the Fib retracement it looked almost bottomed, unfortunately I didn't noticed what I've noticed today (I didn't buy much). Off course today it's going down. Thanks universe!
As you can see there's a rising head & shoulders formation, from the head forwards volume have lowered (blue line) and price already retested the neckline. RSI between first shoulder and the head peaked more or less at the same level. If this pattern plays out this dump won't stop on current Fib 1 line but it'll go down to where the target indicates. This would be a great occasion to fill your bags though, so be ready and prepare a bag of stablecoins.
I strongly suggest not to enter alts now until BTC stops doing crazy things.
Good luck
Simple but smartHi guys
The triangle is broken downwards and is completing the pullback. I think it makes sense to sell in the red range. what is your opinion?
This analysis is updated on this page to determine the profit margin
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LUNAUSDT head & shoulders patternHello, head & shoulders reversal pattern is forming in the LUNAUSDT chart. Since the price is going up and it's a reversal pattern there is a possibility of changing the trend to the downside.
LUNA short targets: 50, 35, 25. I'll move my stop loss to the entry point after the price reaches the first target.
Not financial advice.
LUNAUSDT Next MoveHi guys im here with another episode !
luna is so bulish but price gets closer and closer to supply zone ( $92 )
$92 is fibbo extension 1.272 of last major move . so yea becarefull if you are a buyer
around $92 we can enter a sell position ( looking for high volume red candle around there)
the short and mid term destination of this correction is around $70
its daily chart so its take time for price to move be patient.
anyway luna is very bullish so becarefull with shadow candles that liquid peoples sell positions(dont be greedy and use x1 or x2 leverage), if you are a experienced trader take this kind of trades otherwise you will get emotional and lost your money.
GOD BLESS
LUNAUSDT - Bearish Flag PatternLUNAUSDT (4h Chart) Technical analysis
LUNAUSDT (4h Chart) Currently trading at $88.55
Sell level: Below $89.5
Stop loss: Above $94
TP1: $84
TP2: $80
TP3: $76
TP4: $71
Max Leverage 3x
Always keep Stop loss
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LUNA – price correction soon!Hello, everyone!
I found the short signal on LUNA on the daily chart. To be honest it is not too strong, but we can try because risk to reward is nice.
As I told you earlier the True Divergence with MACD or Elder’s Force Index is the strongest signal in TA. Here is the Divergence with the second one. I revealed that on Bitcoin this signal is perfect, but on the altcoins we need test. Let’s start with LUNA. Well, we can see how it performed earlier. There were two signals on the history: the peak, rally to the 50MA and new higher high and the dump after that.
Now we can see that all conditions for short are met. The trade attributes are following:
Buy: current price ($99.50)
Take profit: $79.51
Stop-loss: $104.65
I want to calm down LUNA’s fans and tothemooners, I don’t think that it is the global LUNA downtrend beginning. We should see the stronger bearish signal on the daily or weekly timeframe. When it is the time I will tell you!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
LUNAUSDT NEXT MOVE (UPDATE)(4h chart)i just want to update my last analysiss
the fact is we are at a reversal zone
price want to retest the demand zone around $74 soon or late price will reach it
also rsi shows a powerful divergence and on algorithmic chart trend line is breaked from buttom. even on 2h chart there is gap betwin bearish candles.
i want to mention that there is chance for sudden upwardmove ( stop hunt , fake breakout ) dont get panic
be careful in financial markets(use stoploss).
feel free to ask questions or anything.
GOD BLESS