The 1-Day LUN trend chart shows that the market has bounced from support level at 0.0015 area.
The rising trend that has been support since the rally started some days ago, continues to hold indicating the market rally will continue however I recommend to monitor any retest to see if it holds. If EMA support fails, look for a pull back to the support level at 0.0017 area again.
RSI is above 50, a sign of an up trend. The MACD is below centerline, indicating bear market but it has a good tendency for uptrend because a few days ago, when the price spiked, the MACD made a bullish crossover.
Monitor EMA support of the rising trend. If it holds, it is a good buying opportunity. Otherwise, wait for the 50-Day EMA to act as support.
4-Hour
I expect the market to move down to test the recent EMA support. On the other hand, if the price breaks through the dotted line, then look for the LUN to test the 0.0028 level.
RSI is above 50 indicating an up trend. The MACD gave a buy signal indicating a move up that is continuing.
In bear markets it is best to trade from 50EMA line and sell at a resistance level.
30M
On the 30M chart, the price broke through support of the rising trend, the 20EMA. The 50 and 100EMA are holding as support.
RSI is below 50 indicating a downtrend. The MACD turned down through the 9MA, giving a sell sign. I think this chart is telling us the market is turning down after having fallen through the rising trend. Monitor whether the market can regain and hold the 0.002 area. The 50EMA will supply some resistance.
Conclusion.
"Lunyr (pronounced “lunar”) is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information. We aim to be the starting point of the internet for finding reliable, accurate information. Our long-term vision is to develop a knowledge base API that developers can use to create next generation decentralized applications in Artificial Intelligence, Virtual Reality, Augmented Reality, and more."
The idea is really interesting, besides, I like the fact that have a fixed total supply of 2,703,356
I think that such a small number of tokens are very easy to manipulate, so any analysis can be destroyed at any time. I'm sure that we'll see $ 100 for the LUN token before the project moves from beta to public. Look at SteemIT, it is popular, it means that decentralized crowdsourced encyclopedia will be in demand too.
The rising trend that has been support since the rally started some days ago, continues to hold indicating the market rally will continue however I recommend to monitor any retest to see if it holds. If EMA support fails, look for a pull back to the support level at 0.0017 area again.
RSI is above 50, a sign of an up trend. The MACD is below centerline, indicating bear market but it has a good tendency for uptrend because a few days ago, when the price spiked, the MACD made a bullish crossover.
Monitor EMA support of the rising trend. If it holds, it is a good buying opportunity. Otherwise, wait for the 50-Day EMA to act as support.
4-Hour
I expect the market to move down to test the recent EMA support. On the other hand, if the price breaks through the dotted line, then look for the LUN to test the 0.0028 level.
RSI is above 50 indicating an up trend. The MACD gave a buy signal indicating a move up that is continuing.
In bear markets it is best to trade from 50EMA line and sell at a resistance level.
30M
On the 30M chart, the price broke through support of the rising trend, the 20EMA. The 50 and 100EMA are holding as support.
RSI is below 50 indicating a downtrend. The MACD turned down through the 9MA, giving a sell sign. I think this chart is telling us the market is turning down after having fallen through the rising trend. Monitor whether the market can regain and hold the 0.002 area. The 50EMA will supply some resistance.
Conclusion.
"Lunyr (pronounced “lunar”) is an Ethereum-based decentralized crowdsourced encyclopedia which rewards users with app tokens for peer-reviewing and contributing information. We aim to be the starting point of the internet for finding reliable, accurate information. Our long-term vision is to develop a knowledge base API that developers can use to create next generation decentralized applications in Artificial Intelligence, Virtual Reality, Augmented Reality, and more."
The idea is really interesting, besides, I like the fact that have a fixed total supply of 2,703,356
I think that such a small number of tokens are very easy to manipulate, so any analysis can be destroyed at any time. I'm sure that we'll see $ 100 for the LUN token before the project moves from beta to public. Look at SteemIT, it is popular, it means that decentralized crowdsourced encyclopedia will be in demand too.