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LUNAUSD

LUNA/USD Daily TA BullishLUNA/USD Daily bullish. Recommended ratio 100% LUNA, 0% cash. Price Discovery in Effect. Price is currently forming a bullish flag as it tests the previous ATH at $111.66 as support; this is after forming a new ATH at $118.21. Volume remains very low and favored sellers in yesterday's session after a two day streak of buyer dominance; a green close today would affirm that yesterday was a consolidation before another leg higher. Parabolic SAR continues to go higher (bullish) and now flips bearish at $95.27. RSI is currently trending up at 68 after bouncing at 66; the next resistance is at 74.26. Stochastic remains bullish and is currently trending up at 91 after bouncing from 69.86 support. MACD remains bullish and is currently trending up past 6.92 minor resistance at 7.72; the next resistance is the ATH at 10.66. ADX continues to trend up at 35 as Price continues to appreciate, this is bullish. If Price is able to break out above the current ATH of $118.21, the next likely target is $136.48 (Ascending Triangle breakout target). However, if Price breaks down below the previous ATH at $111.66 (+ the upper trendline of the ascending channel from 02/26/22), then it will likely retest the lower trendline of the channel from 02/26/22 at $102.60 minor support. Mental Stop Loss: (2 consecutive closes below) $100.
LLong
by dailytaguy
LUNA/USD Daily TA BullishLUNA/USD Daily Bullish. Recommended ratio 100% LUNA, 0% cash. Price Discovery in Effect. Price is currently breaking out above the previous ATH ($111.66) and has formed a new ATH at $116.24. Volume remains very low and is on track to favor buyers for a second consecutive day, signaling that Price Discovery is supported. Parabolic SAR flips bearish at $90. RSI is currently trending up at 68.71 and is fast approaching 74.26 resistance. Stochastic is currently forming a bullish crossover at 69.86 support. MACD remains bullish and is currently testing 6.92 minor resistance. ADX is trending up at 32 as Price is in discovery, this is very bullish. If Price is able to continue the breakout, the next likely target is $136.48 (Ascending Triangle breakout target). However, if Price breaks down here then it will likely retest the upper trendline of the ascending channel from March 2021 at $102.60 minor support. Mental Stop Loss: (two consecutive closes below) $100.
LLong
by dailytaguy
Terra (LUNA) • Possible pullback but trend still goodI think while LUNA trades above 100$ this will continue to mark up. That is why investment strategy is to be long. Is current place levels good to buy? NO I think is better to be patient and wait for potential pull back into the highlighted zones Do I know if it will happen ? NO. Never claim to know what will happen. I'm taking probabilities and assumptions based on technical levels seen on the chart. The momentum on the 12H and Daily charts seem healthy. Risk, money and emotional/behavioural management are the most important aspects of being successful in the long term. Take RISK Management seriously. NOT FINANCIAL ADVICE. All CONTENT is intended for EDUCATIONAL and ENTERTAINMENT purposes ONLY.
LLong
by D7R
LUNA/USD Daily TA BullishLUNA/USD Daily bullish. Recommended ratio: 100% LUNA, 0% cash. Price Discovery in Effect. Price is currently testing the breakout from previous ATH ($106) as support and is on day two of testing $102.37 as a new minor support. Volume remains very low and is on track to favor buyers in today's session. Parabolic SAR flips bearish at $89. RSI bounced from 60.13 minor support and is currently trending up at 64; the next resistance is at 74.26. Stochastic remains bearish and is currently testing 69.86 support. MACD remains bullish and is currently trending up at 6.1, the next resistance (minor) is at 6.92. ADX is trending sideways at 32 as Price is consolidating before its next move. If Price is able to breakout above the new ATH at $111.66, it will likely test $136.48 (Ascending Triangle breakout target) before potentially testing $154.98 (Cup and Handle target). However, if Price breaks down below the upper trendline of the ascending channel from March 2021 at $100, it will likely test the lower trendline of the ascending channel from 02/26/22 at $95 before potentially heading lower to retest $92 minor support. Mental Stop Loss: (2 consecutive closes below) $100.
LLong
by dailytaguy
Luna possible double top scenario.Hello All. Looking at LUNAUSD on the daily timeframe, we see that the price has formed a second peak at around $110. While the price can surge towards new all time highs, it is more likely to see a retracement after a 130% run. Currently LUNAUSD is inside a rising channel with a resistance sitting at around $115 and the support at around $95. Stochastic RSi shows a reading above 80, meaning it is overbought and needs a pullback. My optimistic pullback targets will be the 50 day EMA at around $85, and the fibonacci golden pocket $76-$78. A technical pullback target and to confirm the double top pattern will be at the major support/neckline at $50. Pullback to 200 day EMA is also very likely. Thanks for reading, and stay tuned. Enjoy.
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by EdgarTigranyan
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LUNA/USD Daily TA BullishLUNA/USD Daily bullish. Recommended ratio: 100% LUNA, 0% cash. Price is currently testing the previous ATH ($106.15) as support (which is healthy) and remains in Price Discovery unless it closes below $100. Volume remains very low and is currently on track to close two consecutive days of seller dominance (critical resistance at previous ATH). Parabolic SAR flips bearish at $87, the higher this number gets before flipping bearish, the more bullish it is. RSI is currently trending down at 62.50 as it approaches a test of 60.13 minor support. Stochastic is currently crossing over bearish and is trending down at 77, the next support is at 69.86. MACD remains bullish and is currently trending sideways at 6, the next resistance (minor) is at 6.92. ADX remains trending up at 30 as Price is facing some selling pressure, this is mildly bullish. If Price is able to establish support at the previous ATH at $106, then it will likely retest the new ATH at $111 before potentially continuing in its Price Discovery. However, if Price breaks down below $106, it will likely retest the upper trendline of the ascending channel from March 2021 (for the first time since December 2021) at $100. Mental Stop Loss: (two consecutive closes below) $100.
LLong
by dailytaguy
LUNA/USD Daily TA BullishLUNA/USD Daily bullish. Recommended ratio: 100% LUNA, 0% cash. Price is currently in Price Discovery after closing above the previous ATH at $106. Volume remains very low and is on track to favor buyers for five consecutive days with a green close today. Parabolic SAR flips bearish at $86. RSI is currently trending up at 70 with the next resistance at 74.26. Stochastic is currently on the verge of testing the max top at 100.68 where it can then coast in the "Autobahn Zone" for some time. MACD remains bullish and is trending up at 6; the next resistance is at 6.92. ADX is slightly trending up at 30.58 as Price continues to appreciate, this is very bullish. If Price is able to continue in its Discovery, the next likely target is $135 (Ascending Triangle breakout target) before potentially hitting the Cup and Handle breakout target of $155. However, if Price falters here then it will likely formally retest $106.15 as support for the first time. Mental Stop Loss: (one close below) $99.88.
LLong
by dailytaguy
LUNA/USD Weekly TA Cautiously BullishLUNA/USD Weekly cautiously bullish. Recommended ratio: 85% LUNA, 15% cash. Price is currently in the process of reclaiming the uptrend line from July 2021 (a close above $100 this week would accomplish this and give confirmation to go ALL IN). Volume remains very low and is on track for a fourth consecutive week of shrinkage, hinting that an impending breakout or breakdown is due. Parabolic SAR flips bearish at $48. RSI is currently trending up at 67 after breaking out above 64.56 resistance; the next resistance is at the descending trendline from February 2021 (75). Stochastic remains bullish and is currently trending up at 58; the next resistance is at 66.26. MACD remains bullish and is currently trending up at 13.5 as it approaches a test of 14.09 minor resistance. ADX is beginning to trend up at 36 as Price continues to appreciate, this is bullish. If Price is able to close this week above $100, it will likely retest the upper trendline of the ascending channel from March 2021 at $125 before potentially testing $150. However, if Price closes below $100, it will likely confirm a more pronounced Double Top that will have Price retest $87.51 minor support. Mental Stop Loss: (once close below) $97.88.
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by dailytaguy
LUNA/USD Daily TA Cautiously BullishLUNA/USD Daily TA cautiously bullish. Recommended ratio: 80% LUNA, 20% cash. Minor Cup and Handle watch. Price is currently testing the ATH at $106.15 and briefly surpassed it, if it is able to close above it in today's session this would be a time to go ALL IN (due to Price Discovery). Volume remains very low but has increased in the previous two days and is on track for four consecutive days of buyer dominance. Parabolic SAR flips bearish at $85. RSI is currently trending up at 67 after surging past 60.13 resistance, the next resistance is at 74.26. Stochastic remains bullish and is trending up at 82 after surging past 69.86 resistance; the next resistance is at Max Top (100.68). MACD is currently crossing over bullish at 5.05 resistance turned support (for the first day since 03/13/22). ADX is currently trending up at 30 as Price continues to surge higher, this is bullish. If Price is able to close above $106.15, the next likely target is $125 (Ascending Triangle breakout target) before potentially hitting the Cup and Handle breakout target of $155. However, if Price is rejected here, it will likely consolidate at around $100 before attempting another move higher. Mental Stop Loss: (one close below) $92.88.
LLong
by dailytaguy