LUNA/USD Daily TA Cautiously Bullish
LUNA/USD Daily cautiously bullish. Recommended ratio: 75% LUNA, 25% cash. Price has broken down below the upper trendline of the ascending channel from 02/26/22 ($115-$117) and is currently testing $111.66 minor support (at $108). Volume remains very low and is on track to favor sellers for two consecutive days with a red close in today's session. Parabolic SAR flips bearish at $100, signaling that Price wouldn't have far to fall to crossover bearish (which could also be short-lived). RSI is currently testing the uptrend line from 01/30/22 at 60.13 minor support. Stochastic has crossed over bearish and is currently trending down at 74 as it approaches a retest of 69.86 support. MACD remains bullish and has formed a peak at 8.23; it is currently trending down at 7.55 with the signal line trending alongside 5.05 minor support, if it were to fall below 5.05 minor support it would be a bearish crossover. ADX is trending down slightly at 34 as Price faces rejection, this is neutral for the time being. If Price is able to establish support at $111.66, the next likely target is a retest of the ATH at $119.66. However, if Price closes below $111.66 minor support, then it will likely retest the lower trendline of the ascending channel from 02/26/22 at $102.60 minor support. Mental Stop Loss: (two consecutive closes below) $102.60.
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.