Long
LUNA/USD Daily TA Bullish
LUNA/USD Daily bullish. Recommended ratio: 100% LUNA, 0% cash. Price is currently in Price Discovery after closing above the previous ATH at $106. Volume remains very low and is on track to favor buyers for five consecutive days with a green close today. Parabolic SAR flips bearish at $86. RSI is currently trending up at 70 with the next resistance at 74.26. Stochastic is currently on the verge of testing the max top at 100.68 where it can then coast in the "Autobahn Zone" for some time. MACD remains bullish and is trending up at 6; the next resistance is at 6.92. ADX is slightly trending up at 30.58 as Price continues to appreciate, this is very bullish. If Price is able to continue in its Discovery, the next likely target is $135 (Ascending Triangle breakout target) before potentially hitting the Cup and Handle breakout target of $155. However, if Price falters here then it will likely formally retest $106.15 as support for the first time. Mental Stop Loss: (one close below) $99.88.
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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.