LUNA/USDT update : 103 resistance to watch
Previous analysis 7/04/2022 : https://tradingview.sweetlogin.com/chart/LUNAUSDT/tuNoKfVY-LUNA-USDT-Target-reached-around-120-00-what-next/
After having broke 91,70 (exhaustion warning) Lune consolidate to 76 before bouncing off. The 50% retracement area has been reached and for now onlt a reintegration of 103 (61,8% Fibo level) would leans towards a direct rise towards the next target (New ATH)
For now a test of 62/63 can't be ignored - the RSI is mixed and the EMA challenged.
Tactical View
To dangerous to short on my opinion, but for the trader who tooked profit around 108 i would wait a confirmation to re-enter, a new drop below 76 will give an opportunity to renter in the long-term trend (Most likely scenario in green)
The important things to understand is : we are drawing a consolidation pattern which will produce a new ATH in the coming weeks... So for long term Holder no reason to sell at the moment - not before 148
Enjoy my friend
Previous analysis 7/04/2022 : https://tradingview.sweetlogin.com/chart/LUNAUSDT/tuNoKfVY-LUNA-USDT-Target-reached-around-120-00-what-next/
After having broke 91,70 (exhaustion warning) Lune consolidate to 76 before bouncing off. The 50% retracement area has been reached and for now onlt a reintegration of 103 (61,8% Fibo level) would leans towards a direct rise towards the next target (New ATH)
For now a test of 62/63 can't be ignored - the RSI is mixed and the EMA challenged.
Tactical View
To dangerous to short on my opinion, but for the trader who tooked profit around 108 i would wait a confirmation to re-enter, a new drop below 76 will give an opportunity to renter in the long-term trend (Most likely scenario in green)
The important things to understand is : we are drawing a consolidation pattern which will produce a new ATH in the coming weeks... So for long term Holder no reason to sell at the moment - not before 148
Enjoy my friend
Trade active
update :in progressFor now the Macro and geopolitical situation is too heavy to support for risk asset as SNP500 or BTC or LUNA, the risk off mode has been actionated with the last speech of Powel (Fed) and situation in Ukraine and china will be not solved quicly..
A new tentative on BTC at 28900 to raise the exposure seems now more likely projecting the LUNA price to 63/62 for now
Trade closed: target reached
Target reached at 62 - next target to watch 55 and 43 before any new bullish move
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.