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LUNAUSD

LUNA time to correct after 50% pump? LUNA jumped 50% after the bullish Supertrend Ninja - Clean signal on the 24th Febr (green vertical line on the background). It hasn't made a large correction since. Since the listing on Binance in 2020. The Supertrend Ninja - Clean gave 1 bullish signal (+6247% gains). In 2021 it gave 4 bullish signals, with 2 big bullruns (580% and 90%). In 2022 it gave 1 bullish signal (50%). On 13th April 2022 it signalled a bearish Supertrend Ninja signal. While the price moved the opposite direction soon after. It can still go downwards from my experience. Let's have a look at the other indicators. The Stoch RSI is in oversold levels, pointing downwards. LUNA is still in the Bullish Zone of the Ichimoku Cloud. The RSI is range bound at 50 (40-60). If we take a look at the Average Directional Index ( ADX DI) its still bullish. The +DI (Green Line) is still above the the -DI (Red Line). While the Trend Strength is becoming weak. Since the ADX (Orange Line) is below its 9 Period EMA (Black Line). Currently LUNA is also below its Bollinger Bands Middle, Band Basis 20 Period SMA and the Least Squares Moving Average ( LSMA ). Which also signifies a possible downtrend. Going down here, the next support is at 78.85 USDT. Supports and Resistances are highlighted as grey blocks. Thank you for reading. Namasté 🙏 Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns. What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
by Kch28
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 4H TECHNICAL ELLIOTT WAVE ANALYSISGiven the formation of the ending pattern in the daily chart, we can expect LUNA uptrend to be over and we are developing corrective patterns. Since the price drop from the price ceiling occurred in 5 waves, we can expect to move upwards in a three-wave zigzag. The target of this small up move could be in the range of $ 100 to $ 111, after which we can expect the price to decline to the bottom of the orange channel, in the range of $ 55.
by KhaniTechnical
2
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/USDT : Moving into a formed falling wedge ! BINANCE:LUNAUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $LUNA has formed a falling wedge which is bullish in majority; But as we all know, The leading bias on market is bearish. Also $LUNA is moving above a critical S/R zone and it's important to hold! That's why the chart comes up with two possible Scenarios... 📈 Bullish Scenario : If $LUNA breaks above the wedge, Then the terms for bulls will comes up with a bullish continuation; But it need to break above the $92's S/R line for further movement! - You can locate your Longs on a proper retest of $92's broken line towards $98's resistance zone. 📉 Bearish Scenario : If $LUNA breaks below the wedge, Then the terms for bears will comes up with a bearish continuation; Also on the Wedge's rejection, We'll face the S/R zone's rejection neither. - That makes this opportunity for Traders to located their Short on a proper retest of broken points ( Wedge or Zone ). Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
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by Helical_Trades
22
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