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Terra

LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Double Bottom invalidated, retest of 200 MA + uptrend line from July 2021 currently underway. Recommended ratio: 20% LUNA, 80% cash. Price is currently testing the 200 MA + $70.16 support + the uptrend line from July 2021 ($67) as support as the crypto market as a whole is seeing a weekend sell off. Volume remains very low and is on track to favor sellers for three consecutive sessions a slight uptick in activity seen in today's session. Parabolic SAR flips bullish at $93.95, this is mildly bullish. RSI is currently trending down at 33.25 after breaking below the descending trendline (support) from August 2021 at 38. Stochastic remains bearish and is currently breaking down below 21.78 support with no signs of trough formation. MACD officially broke below -2.43 after one week of testing it as support, it is currently trending down at -4 with no signs of trough formation. ADX is currently trending up at 16 as Price continues to fall, this is mildly bearish. If Price is able to defend support here at the uptrend line from July 2021 ($67), then it will likely test the 200 MA at $70.15 resistance before deciding its next move. However, if Price continues to fall below this uptrend line then it will likely retest the uptrend line from January 2021 at $60 as support. Mental Stop Loss: (two consecutive closes above) $71.52 (200 MA).
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by dailytaguy
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Double Bottom on the verge of invalidation. Recommended ratio: 30% LUNA, 70% cash. Price is currently retesting $78.04 minor support as it fast approaches an invalidation of a potential Double Bottom formation. Volume remains very low and is on track to favor sellers for a second consecutive session if it is able to close today in the red. Parabolic SAR flips bullish at $94.37, this margin is neutral at the moment. RSI is currently trending down at 41.46 as it approaches a retest of the descending trendline from August 2021 as support at 38. Stochastic crossed over bearish in today's session and is currently trending down at 36.5 (just below 43.42 resistance), the next support is at 21.78. MACD remains bearish and is currently breaking down below -2.43 at -2.76; it is still technically testing -2.43 as minor support but if it loses it then the next support isn't until the ATL at -7.76. ADX is currently trending up slightly at 16 as Price is facing selling pressure, this is bearish. If Price is able to defend support at $78.04 minor support, then it will likely range between there and $84.05 resistance until it makes its next move. However, if Price breaks down below $78.04 minor support then it will likely retest the 200 MA at $70.15 support (which would coincide with the uptrend line from July 2021). Mental Stop Loss: (two consecutive closes above) $84.05 resistance.
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by dailytaguy
short lunaLuna has been recovering in recent days but is breaking down key structures. The price of the moon against the dollar formed an uptrend with lower lows and higher highs, but in today's session it is breaking that support zone and it is a trend reversal that favors sellers, an area where you can take advantage of that in the breakout zone of the structure at $83.5666.606 and look for the lows recorded in the Thursday session at $79.1921513 and if they break that zone it is possible to visit 76.8486642 as you can see on the chart below:
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by juliansb32
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
Terra: Refreshing 💧Especially as temperatures are rising, it is important to drink sufficiently. Terra seems to heed this advice and has entered the blue zone between $83.07 and $62.20 for a second time to refresh itself. Currently, Terra is making a move to leave the bracing blue area already. However, we primarily expect the altcoin to dive a bit deeper again to finish wave (ii) in blue, ideally in the lower half of the blue zone. Afterwards, Terra should be invigorated enough to move upwards.
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by MarketIntel
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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