4HR CHART LUNA/USDT
The overall trend is still to the upside and remains bullish. The momentum has slowed down and most likely looking like its going to see a correction for being overbought on the higher time frames. This move to $30 was not generated by BTC growth but outperformed it. Right now it seems like its barely holding on with BTC price growth. I am watching this price action from the sidelines. Farming this protocol has been fun when APR to borrow was extremely high.
Trend on the shorter time frame suggests sideways movement.
Trend on longer time frames remain overbought and losing momentum.
The overall trend is still to the upside and remains bullish. The momentum has slowed down and most likely looking like its going to see a correction for being overbought on the higher time frames. This move to $30 was not generated by BTC growth but outperformed it. Right now it seems like its barely holding on with BTC price growth. I am watching this price action from the sidelines. Farming this protocol has been fun when APR to borrow was extremely high.
Trend on the shorter time frame suggests sideways movement.
Trend on longer time frames remain overbought and losing momentum.
Comment:
Comment:
Bullish breakout most likely to continue.
