Long

LUNA/USD Daily TA Bullish

82
LUNA/USD Daily bullish. Recommended ratio: 100% LUNA, 0% cash. Price Discovery in Effect. Price is currently testing the breakout from previous ATH ($106) as support and is on day two of testing $102.37 as a new minor support. Volume remains very low and is on track to favor buyers in today's session. Parabolic SAR flips bearish at $89. RSI bounced from 60.13 minor support and is currently trending up at 64; the next resistance is at 74.26. Stochastic remains bearish and is currently testing 69.86 support. MACD remains bullish and is currently trending up at 6.1, the next resistance (minor) is at 6.92. ADX is trending sideways at 32 as Price is consolidating before its next move. If Price is able to breakout above the new ATH at $111.66, it will likely test $136.48 (Ascending Triangle breakout target) before potentially testing $154.98 (Cup and Handle target). However, if Price breaks down below the upper trendline of the ascending channel from March 2021 at $100, it will likely test the lower trendline of the ascending channel from 02/26/22 at $95 before potentially heading lower to retest $92 minor support. Mental Stop Loss: (2 consecutive closes below) $100.

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