Long
LUNA/USD Daily TA Cautiously Bullish
LUNA/USD Daily TA cautiously bullish. Recommended ratio: 80% LUNA, 20% cash. Minor Cup and Handle watch. Price is currently testing the ATH at $106.15 and briefly surpassed it, if it is able to close above it in today's session this would be a time to go ALL IN (due to Price Discovery). Volume remains very low but has increased in the previous two days and is on track for four consecutive days of buyer dominance. Parabolic SAR flips bearish at $85. RSI is currently trending up at 67 after surging past 60.13 resistance, the next resistance is at 74.26. Stochastic remains bullish and is trending up at 82 after surging past 69.86 resistance; the next resistance is at Max Top (100.68). MACD is currently crossing over bullish at 5.05 resistance turned support (for the first day since 03/13/22). ADX is currently trending up at 30 as Price continues to surge higher, this is bullish. If Price is able to close above $106.15, the next likely target is $125 (Ascending Triangle breakout target) before potentially hitting the Cup and Handle breakout target of $155. However, if Price is rejected here, it will likely consolidate at around $100 before attempting another move higher. Mental Stop Loss: (one close below) $92.88.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.