LUMIA's recent price action has been bearish, with a decline from $1.47 to $1.20.
*Technical Analysis*
- Trend: Bearish
- RSI (14): 30 (oversold)
- MACD: Bearish crossover
- Moving Averages: Below 50-day and 200-day MA
*Recent Price Action*
- Recent low: $1.20
- Recent high: $1.47
- Current price: Around $1.20 (near the low)
*Support Levels*
- Immediate support: $1.15 (23.6% Fibonacci retracement)
- Strong support: $1.10
- Critical support: $1.05
- Fibonacci retracements:
- 38.2% retracement: $1.28
- 50% retracement: $1.235
- 61.8% retracement: $1.19
*Resistance Levels*
- Immediate resistance: $1.30
- Strong resistance: $1.42
- Critical resistance: $1.47
*Potential Scenarios*
1. Bearish continuation: Break below $1.15 could lead to $1.05 and $0.95.
2. Bullish reversal: Break above $1.30 could lead to $1.42 and $1.47.
*Market Sentiment*
- Bearish sentiment dominates, but RSI suggests oversold conditions.
- Potential buy opportunity near support levels.
LUMIA's bearish trend may continue, but oversold conditions and potential support levels suggest a possible reversal. Keep a close eye on $1.15, $1.10, and $1.05 support levels.
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