Luna had a chance to stay above $54, but it failed.
Because of that, it broke below $50 and it is unlikely buyers can turn this boat around, at least not until it reaches $42 where the next key support level is found.
Since this most recent drop, the $54 has turned into resistance and the chart is quite bearish. People FOMOed at under $60, but that did not...
Luna broke all support levels so far and there is no sign this is going to stop until price reaches $50.
RSI, MACD and volume profile support further downtrend. The RSI did not even reach oversold on daily = plenty of space to fall more.
What is surprising is the lack of ANY bounce... that one is hard to swallow if you are a Luna holder.
However, Luna has...
Over the past 2 weeks, the 25MA has held support for LUNA. This can be referenced over the coming days as a break below this MA along with the bottom trend of the channel, will likely trigger a short-term downtrend. For LUNA price to continue pushing, it must break & HOLD its major resistance zone found at $14.50-$15.00. This will set LUNA up to hit its next...
Luna, just as probably many other alts, is testing the golden fib level. WEnt down, tested 2 times as support, now time to show the strength and go up to fib 0,5.
Everything depends on how BTC behaves, but lets hope it stays strong so we can have a good bounce.
Price rose and peaked over 100% in past 5 days on minimal volume.
Peaked out at resistance and dropped back toward support.
Is it hinting at what's to come or just teasing to draw in some $$$ ?
I'm gonna watch volume and 1200 break.
Lots of big percentage opportunities with this one.
Lots of room to fall too.
Zoom way, way out to see super lottery...
-news released started a selling pressure
-if you want to enter a trade here
-watch the area around 800 sat
-this is a good zone for a potential bounce up reaction
-do not enter a position if you do not follow risk management
-this game is full of high risk
LUN is quite strong and the buying zone of 1000-1100sts will be a very reliable area for us to buy in for targets like 1400-1500sts or even 2000-2200sts in the next 2-3 months.
The pattern will be broken if LUN falls off the 1000sts price zone
I shared a chart for Status (SNTBTC) with a "V bottom" pattern that played out nicely...
See it here:
The same can happen for Lunyr (LUNBTC) on the chart above, prices can easily jump after teh "v bottom" shows up.
-currently testing the trendline resistance
-painting a bullish descending channel
-we have a clear wide bullish divergence on RSI
-the price is already at the tip of the pattern
-trading strategy is to buy the breakout or retest of support
-upside potential is up to 1800s
LUN Downlink. U-turn area. Pamp coin with little liquidity.
According to the previous trading idea for this coin, the optimal entry point was not reached.
LUN Channel in increments of 60% Coin operation. Pivot points
Support has been broken. An attempt to return the price back to the channel was unsuccessful, and a downward channel formed. Now the price has...