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LUNAUSD

Chart of the Day - LUNAUSDThe momentum is showing strength for LUNAUSD. MACD is positive and 20EMA and 50EMA are both moving upwards and in parallel movement. There is resistance at $49.50 and LUNAUSD must surpass this resistance to move upwards from this position. I appreciate if you write in the comments all your questions and instruments which you would like me to see analyzed. Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support. P.S. It's important that you make your own analysis and trade within your risk parameters.
LLong
by Stefan_Gauci
1
LUNA/USD - Decision time approaching. Will it fall?Luna is quickly approaching a major trend line that has acted as support holding the price above it in mid-September. Will it hold a second time? The indicators are rather bearish, we painted a lower high and I lean on being bearish, particularly as Luna did a major pump in the last two months. So the market needs to relax a bit. We did consolidate for most of September around $30-40. But is this enough? The real test is coming soon and if our support falls, then expect lower levers as indicated by the Fib lines. The most likely level to hold any sustained drop is around $20. But that may be too into the future right now, especially if our support will hold. This will be decided by early October. I remain bearish short term and we will get at least a test of support. Also keep an eye on BTC/ETH moves as they will impact all crypto market moves (see ideas below). Like and follow if you liked this idea!
Short
by DU09
5
LUNA updateHere's a quick look at LUNA 2 hr chart. As we can see, the price has been forming a descending triangle and is currently bouncing from the bottom of the descending triangle! Definitely one to keep an eye on. The best entry would be, when the price breaks above the descending triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 40$ 2. 41$ 3. 43.5$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
8
LUNA in a descending triangle!Here's a quick look at LUNA 1 hr chart. As we can see, the price has been forming a descending triangle and we could see a break to the upside very soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the descending triangle with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart. Targets: - Profits can be taken in the resistance zone . 1. 40$ 2. 41$ 3. 43.5$ ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
2