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LUNA2USDT trade ideas

LUNA reacts with a correction similar to BTCHello everyone, let's take a look at the LUNA to USDT chart on a 1 day time frame. As you can see, the price is moving above the local uptrend line, but is currently based on this line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 72, if the support breaks down, the next one is $ 59 and $ 43. Now let's move from the resistance line as you can see the first resistance is $ 86, if you can break it the next resistance will be $ 92 and $ 97. Looking at the CHOP indicator, we can see that a lot of energy has accumulated in the 1-day interval, but due to the BTC correction, the entire market reacts similarly.
by cryptodailyuk
1
LUNA ready for another MOONSHOT? :)Here we are analyzing the daily timeframe and currently it looks like we could be repeating a similar pattern from Jan 2022. During that time, we created a W pattern finding a low around $43 and candle body support around $47. Once we broke $60 (the neckline of our W pattern), we had almost a 100% rally to the upside!!! Current day, we are seeing the same sort of W pattern/double bottom formation with a low of around $75. If we can break the neckline of this pattern (around $98) we could see a move around $150ish-$200. We all know that once Luna starts to run it really likes to RUN! :). Another side note is we are holding critical support on our 1D RSI. Of course, our most important level is 30/oversold, but right now we are holding our 39/40 level which I have outlined how important that level is with (black arrows)! So far, we have gotten a nice bounce off of there.
Long
by VIAQUANT