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LUNAUSDT

LUNA - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. LUNA is overall bullish trading inside the blue channels. Moreover, 60.0 is a strong demand zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. (acting as non-horizontal support) As per my trading style: As LUNA approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
16
Luna going for short term reversal?Just like SOL, Luna 1D timeframe is now showing bullish divergence after a short term bearish trend, you can see that in the RSI. My past analysis on Luna was the bearish divergence for short term and it went well. But Still, be careful because the weekly timeframe is still showing a bearish divergence, I will stay neutral on this analysis. The RSI on the weekly timeframe should reach around 45 for it to invalidate the bearish divergence. =================== Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable. READ THIS NOTE!! Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
by CallMeBeginnerTheExplorer
LUNA partial profit taken and indicator levels updateSince our previous LUNA plan worked out great, we are now taking partial profits (as noted in our previous chart) to rotate our funds. We got in at the bottom. I hope some of you followed our ideas and also got profits. It is nearly 28% profit. Taking profit doesn't mean we are not bullish anymore on LUNA. We are SUPER bullish for LUNA. Those who knew us since 2021 know that we bought LUNA since $5 and we will keep doing so. Profit taking is just part of our trading discipline and I think you should practice too. Now we are updating our chart with some fresh indicator data, especially the fib speed resistance fan. The overall market and BTC currently want to retrace a little bit back. (I am even expecting a bigger retracement but who knows). So, it is normal for our favorite LUNA to slowed down a little bit too. We expect it to come down a little bit to the green rectangle area because it is the 0 level of the fib channel and 0.618 level of the fib fan. Once it arrives that area, we will check the overall market conditions again. If it is a proper retrace, we will enter again there and ride along. Just like our previous trade, we don't want to open limit orders ahead since we don't quite like the current state of the market. Patience is always the key! If you like this idea, please give likes and subscribe. Cheers!
L
by xxx5w4nxxx
3
LUNA recorded a correction along with the entire marketHello everyone, let's take a look at the 1D LUNA to USDT chart. As you can see, the price has dropped below the local blue uptrend line. Let's start with the line of support, and as you can see, the first support that has already bounced back is $ 81.33, if the support breaks, the next is $ 72.23 and $ 59.56, and the next is around $ 43.28. Now let's move from the resistance line, as you can see, the first resistance is $ 89.38, if you can break it, the next resistance will be $ 95.36, the next resistance will be $ 100 and another $ 104.65. Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has already been used, while the MACD indicator shows that the blue line has crossed the red line from the top, which confirms the change in the trend.
by cryptodailyuk
2
BTCUSDT: REJECTION ON EMA 200, BITCOIN'S GOING BEARISH AGAIN?Hello CryptoTrading Enthusiast! Help the Channel Growth by smashing the FOLLOW and LIKES Button, then Share your opinion on the Comment Section below :) BTCUSDT impulsively rejected the Exponential Moving Average 200. The stochastic also created a deathcross on the overbought area, it signify the potential bearish movement ahead on Bitcoin. *Now We put all the explaination on the chart* Enjoy! *DISCLAIMER: This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective. *FOLLOW FOR MORE CONTENTS AND UPDATES*
Short
by financialfreedomgoals101