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LUNAUSDT

Luna respected to the resistance levelAs previously warned (see link below), Luna, after breaking down and pullback, respected the resistance and formed the first red brick in the Renko chart. This could be a sign of the beginning of a downtrend in the future. Three target levels are indicated in the diagram according to Volume profile and Renko support/resistance levels. Currently, only the descent to the first target is confirmed. The continuation of the descent process until the next targets in the future will be examined according to Luna's behavior.
Short
by cryptoonchain
Luna gains a lot of energy after correction.Hello everyone, Let's take a look at the LUNA to USDT chart over the 4H time frame. Let's start by marking the local uptrend line with the blue line where the price unfortunately turned back. Now let's move on to the designation of the support line, which we can see at $ 76.38 if the price does not hold, the next support is at $ 70.21 and another $ 64.28. On the other hand, it is worth setting the resistance that the price has to overcome and you can see that the first support is $ 90.11, while if the price breaks the resistance, the next one will appear at $ 103.13. Please be especially careful and observe the market behavior because you can see on the CHOP indicator that we have a lot of energy for the next move.
by cryptodailyuk
2
LUNAUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in the 4-hour time frame. The price has formed a Bat pattern. Now the price has broken the support line and has turned it into the resistance line. The price needs to break the resistance zone and then rise. But we expect it to go up to the resistance zone and then fall step by step to the first support zone. If the first support zone is broken, it will fall down to the next support zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Short
by MarsSignals
4
LUNA has been on a good recent run but will it continue?One of the best moving cryptos lately has been LUNA and I did take a trade after the very clear signal on the middle daily chart on Feb 24th. Before this price was very choppy trying to figure it self out but then the Feb 24 bullish candle breaking above the 60 resistance was a great signal. As usual I will have my 4hr chart on the far right, daily in the middle and the weekly time frame on the left side. The 4 hr chart currently is in a struggle with the 88 resistance with price pulling back. I would like to see that support area of 83.50 hold up if a re entry is in the cards. We can also see the support made on March 4 at the 80 price. On the middle daily chart, I first want to compare move A to the recent move B and see how similar the move is. It is important to gauge past moves to determine the length of the current trade you may be in as often they will be close. Also watch the candles when they are getting too overextended from the 14 day MA but really look at how parabolic the move is (what degree) the steeper price moves the shorter the move will be. Both A and B are very parabolic. On the weekly time frame I point out the 100 resistance. It is very normal to show support or resistance at whole numbers but especially psychological levels like 100. I also point out the nice trendline but also what I mean when I say overextended to the MA. The larger the white space from the candle to the MA the more likely it will be heading back to the MA soon. I base a lot of my style on this. Overall I liked the recent move on LUNA but did exit after the Feb 28th candle. It was very obvious a pull back was coming based on everything discussed. If LUNA can hold 83.50 and for sure 80 and then break back above 88 then I will be possibly looking for a re entry.
by Dancharles
$LUNAUSDT the new king of scalping and day tradingIn the previous weeks and months, when thinking of scalping and day trading opportunities we could only think of $BTCUSDT and $LINKUSDT as stable means for good trades. In the past couple of weeks we have seen a major change in the paradigm of cryptocurrencies. The power LUNA is receiving from all external and internal factors of development is giving traders the much needed fresh air and change in status quo. Too much traders have been thinking of crypto as a means of HODL. But many would argue, traders are supposed to trade and perhaps that's where cryptocurrencies require a slight rebalance of scales in comparison with algo trading and whales manipulation. LUNA has proven time and time again to move against Bitcoin and even where Bitcoin slides, LUNA bounces back, and from this perspective, safe and stable scalping and day trading is back on the menu.
by UnknownUnicorn35305092