Yesterday I've sold my LUNA at around +50% profit not because I wanted to but because I hoped into a swing trade. At the beginning I wasn't happy because I saw the price rising but usually in such situations my TA is correct but just too warly.
LUNA has had a great run and judging from its past performances it's definitely a crypto I would discourage shorting (or even swinging). However, having seen bearish DIVs forming at 1h and volume lowering candle after candle, after such a massive run I thought it was natural to take a breath and retrace, even for LUNA. After seeing price keeping on pumping I've checked also past PA and I've noticed that on 4h chart, every time RSI went over 79 there was a dump from 9% to 15% within 8 days.
This reassured me and I hope history will repeat and my new bid will trigger. I'm not gonna say where I've placed mine but it's between 61 and 70.
Today I'm finally seeing LUNA losing steam, I hope tomorrow morning my buy back will have triggered and I hope price not to dump too much lower my rebuy. Finger crossed!
Good luck
LUNA has had a great run and judging from its past performances it's definitely a crypto I would discourage shorting (or even swinging). However, having seen bearish DIVs forming at 1h and volume lowering candle after candle, after such a massive run I thought it was natural to take a breath and retrace, even for LUNA. After seeing price keeping on pumping I've checked also past PA and I've noticed that on 4h chart, every time RSI went over 79 there was a dump from 9% to 15% within 8 days.
This reassured me and I hope history will repeat and my new bid will trigger. I'm not gonna say where I've placed mine but it's between 61 and 70.
Today I'm finally seeing LUNA losing steam, I hope tomorrow morning my buy back will have triggered and I hope price not to dump too much lower my rebuy. Finger crossed!
Good luck
Note
This is clearly something which goes against what I was thinking but I'm not gonna buy now. I know, it's risky and I might be ending up "losing the train" but if watching at the price action indicated from the arrows (2nd and 21st of December) I hope history will repeat. Assuming this is a bullish scenario the 2nd situation fits the most and I might have to patience between 7 and 9 days. Finger crossed!Note
LUNA wants to make me mad. Check the TA, everything is saying "price is about to go down" but LUNA is refusing to go down (and reach my buy-back bids)daily timeframe: price it's clearly overextended over the TMA, RSI and OBV are starting to show bearish DIV and volume is decreasing.
4h: bearish DIVs in plain sight except on the OBV, volume is decreasing but not so much (probably this is the reason why price isn't going down as it should). I think we'll see a price decreasing when the bearish DIV will show on the OBV even at 4h
1h: price approaching ichimoku clound and here there's a bearish DIV even on OBV
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.
I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
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.