Long
LUNA/USD Daily TA Bullish
LUNA/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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.