Cryptoknowmics
2022-04-01 10:10:35

LUNA Technical Analysis: The Main Target Is $148

During the last 6 trading weeks on the LUNA market, buyers are patiently and without much haste to reach their target. The LUNA price can not master the range of $106. However, buyers do not make special efforts to implement such a plan. Since 14 March, the trading volumes in the LUNA market have significantly fallen. This does not prevent the price to continue passive growth. However, this uncertainty each week increases the chance of a market crash to $60. Given the volatility of the LUNA cryptocurrency, such a scenario is likely. But, the longer the stalemate in the market and low price volatility – the greater the chance of a sharp reversal of the market. https://www.tradingview.com/x/kJjJHqP4/ Though, if you look closely at the LUNA trading period from August to December 2021, you can see that the movement of the LUNA price was identically uncertain. The price also moved in a narrow corridor and the lower the trading volume. While the local trend growth channel is under the control of buyers, we expect a positive scenario and continued growth of the LUNA price to $148. Technical Analysis Of LUNA On The Daily Timeframe https://www.tradingview.com/x/GdIh551F/ Analyzing the LUNA price movement on the daily timeframe, we can see a stable growth channel from 28 February. What makes this channel interesting? In fact, this channel is correcting the LUNA growth wave from 20 February. The strength of buyers is so high that the LUN...

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