LUNA start a bullish trend channel from the end of July until now.
it is still bullish but there is a strong resistance of around 48 USD and LUNA responds to this area normally.
Anyway, according to the RSI divergence, while the price raised over and over, there is possible to experience a full correction into around 24 USD and then boom.
But if LUNA fans support its market between the Middle support zone to the Resistant zone with a good volume of the buy orders, we can expect that LUNA break the 49 USD and make a new ATH.
What is your analysis?
it is still bullish but there is a strong resistance of around 48 USD and LUNA responds to this area normally.
Anyway, according to the RSI divergence, while the price raised over and over, there is possible to experience a full correction into around 24 USD and then boom.
But if LUNA fans support its market between the Middle support zone to the Resistant zone with a good volume of the buy orders, we can expect that LUNA break the 49 USD and make a new ATH.
What is your analysis?
Comment:
As we can see the LUNA breaks the resistance but it is still weak and could have a correction. But if the LUNA keeps itself at 50 to 52 until end of the November, this area would turn to the new support level.