Скачать или смотреть LUNA Technical Analysis: Is LUNA Rising Back From Its Ashes? | Cryptoknowmics

Hello and welcome back guys to our channel Cryptoknowmics!

Hi, I am Megha Chhikara, back with yet another analysis for you today!

Today, we’ll be reading about the token LUNA, LUNA prices quadruple within a day with the news of new economic reform of supply burn rule to keep the hyperinflation at bay.

The LUNA prices exceed the $6 mark after jumping from the $1.5 bottom level resulting in a jump of 200% in the last 24 hours. The bullish engulfing candle and the lower price rejection in the daily candle teases an uptrend continuation in the Terra market value. So, should you consider joining the uptrend?

Well, to know this answer please watch this entire video till the end to learn more about the upcoming trend in LUNA, but before that don’t forget to hit the subscribe button!

So, let’s read The key points of this analysis and see where it takes us!
The LUNA price has jumped 4x in the last 24 hours. The intraday trading volume in Terra is $7.068 Billion.

Well the graph on my screen has a lot to say about LUNA today too so, let’s see what it is!

https://www.tradingview.com/x/e8XRsHtl/

The LUNA price action displays a bearish start for the new token as the market value dipped from the listing price of approx. $10 to the bottom support of $1.50. The bearish trend slowly led to a consolidation range between $1.5 and $2.5, which stretched for almost four months.

The daily-RSI slope spikes into the word zone as it bounces from the halfway line reflecting a phenomenal improvement in the underlying bullish sentiments.

The MACD and signal lines diverge sharply after the recent bullish crossover resulting in a substantial bullish gap with a spike in the positive histograms.

Thus, the indicator reflects a considerable demand for the LUNA token growing overnight, which may shortly pause the market value above the $8 mark.

And finally, with hope & some positive indications, we conclude our today's session and we’ll be back with yet another coin for you!

Till then stay tuned to Cryptoknowmics, Crypto world at your fingertips