Luna has been trading in ascending channel for the last month. It has been trading within the rising channel starting from late November making higher high and higher lows and finally broke out of the channel by making 15% pullback (correction) started a new rising channel within few days. Prices are pushed up with strong volume and RSI and Luna started to make new higher highs (new ATH) and higher lows within this new rising channel and finally broke out of the channel 27 December.
We could see a 10-15% pullback before entering new ascending channel which I believe will lead to new higher highs and higher lows. There is strong resistance level at $100, if the price will break this point with nice volume then we could see new ATH.
I believe $78-$82 could be a nice zone for long setups.
My pirce targets for Luna in short run (4-5 days) $78-$82 My pirce targets for Luna in long run (15-30 days) $105-$120
Overall I am bullish on Luna and will post an update if I see any reversal signs.
Good luck and trade smart! (not a financial advice)
Good analysis my friend, great work! Also check out my trade setup for a LONG on this retracement on LUNA:
faridisayev
⋅
@Gold_D_Roger, this is a nice trade setup mate! good luck!
Viktortea
⋅
Hi man, Firstly, thankful for your analyst, it is useful for any person who is in need. There are some differences from your analyst. Here is my analyst: