🟢🟢🟢 LUNA/USDT Technical Analysis 🟢🟢🟢

$LUNA

The chart shows the exchange rate of LUNA against USDT on the Binance platform. Let's look at the key aspects:

  1. Trading Range 📉:

    • The asset is trading in a range between the levels of 0.4414 and 1.5481.

    • The current support level is in the range of 0.4414 - 0.6075, indicated by the purple area on the chart.

  2. Indicator 🛠:

    • Moving averages (MA):

      • MA (25) at 0.8577

      • MA (99) at 1.6741

    • SAR (Stop and Reverse): 0.7134, which shows a downward trend.

    • Ichimoku:

      • The current cloud (Kumo) is showing a bearish signal as the price is under the cloud.

  3. Support and Resistance 🔺:

    • Support level: 0.4414 - 0.6075.

    • Resistance level: 1.5481, which is a key point for the bulls.

  4. Trading Volumes 📊:

    • Trading volumes show significant activity, which confirms the current downward trend.

    • Current volume (SMA 9): 24.949M, indicating significant sales volumes.

Peculiarities

  • Potential Upside: The chart shows a potential upside of 340.43%, which could take the price to the 1.5481 level.

  • Support Inside the Range: Price is at support level inside the purple range, which could indicate an opportunity for a bullish reversal.

📝 Conclusion:

Current technical analysis shows that LUNA is under pressure, but there is potential for significant growth. The following support and resistance levels are key for further analysis and trading decisions.

📈 Bullish Scenario:

  • A break above 0.7134 with volume support could lead to an attempt to overcome the 0.8577 level and a potential rise to 1.5481.

📉 Bearish Script:

  • If the price fails to hold the level of 0.4414, then a further decline and testing of lower support levels is possible.

Be careful and monitor market conditions to respond to changes in a timely manner! 🚀

#cryptousdua #ЛюбимыйТокен