Hope you find value from this post.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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LUNA has been leading the crypto bull run and has recovered quickly from a 12-day downward move and has broken through the Red Extended Resistance Trend Line but is now halted by the 21MA.
What to watch out for:
1. MACD, LUNA must push past the 10.66 level on the MACD to prevent a Bearish Divergence. MACD crossing Bullish today.
2. Stoch RSI, headed for the 80 level - still bullish
3. Price Targets:
a. $103.55
b. $114.05
c. $121.06
4. If LUNA retraces if it's rejected at the 21MA, the Green Bar is area of expected support down to the Green Dashed Horizontal Ray Line.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
LUNA has been leading the crypto bull run and has recovered quickly from a 12-day downward move and has broken through the Red Extended Resistance Trend Line but is now halted by the 21MA.
What to watch out for:
1. MACD, LUNA must push past the 10.66 level on the MACD to prevent a Bearish Divergence. MACD crossing Bullish today.
2. Stoch RSI, headed for the 80 level - still bullish
3. Price Targets:
a. $103.55
b. $114.05
c. $121.06
4. If LUNA retraces if it's rejected at the 21MA, the Green Bar is area of expected support down to the Green Dashed Horizontal Ray Line.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader