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LUNA2 / TetherUS PERPETUAL CONTRACT

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LUNA2USDT.P trade ideas

Wait for itThis signal will be very short as it's very late in my timezone. First of all, maybe buying tons of BTC strenghtened UST but definitely didn't help LUNA. Secondly, you can see this old ascending channel I had on LUNA, it's still valid, I just added a new support which should work according with VLPR and that volume peak you see there in the chart. Now we can expect two outcomes: 1) if next daily candle will have an higher or similar volume and will keep going down it will mean that selling pressure keeps being high ==> support will break and we'll head toward 57 USDT area; 2) if daily candle will will have a lower volume, we'll likely have to expect a reversal, even though it could be a little one If we touch the channel bottom (57) wait to buy because if BTC goes below 30K we'll likely see again LUNA at lower prices. Good luck!
by Shotokhan
4
LUNA - Outlook ✅Let's see how LUNA is behaving. This is a 1D chart. (Long Term) LUNA also broke two resistance areas and landed on support. There are two possible scenarios: either the price will pull back and hit resistance or pass the support area and go lower. Two resistance areas are pushing down on price, and this support level will only hold while Bitcoin is going sideways. Once BTC drops, LUNA will drop as well. The RSI shows that LUNA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $30.60 Let me know your ideas. Good luck.
by ShawnMCR
1
RSI & Fib analysis on LunaLast time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months. Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year. Reversing the first fib shows we reached just above the 5.272 at it's peak. Doing the same on the latest fib gives us a target of $614! Short term I expect a bounce to around $50. Will be keeping a close eye to see if we hold .786 and form bullish divergence
Long
by SlumberJack92