LUNA/USD Daily Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. *Bull trap watch*. Price is currently breaking out above $84.05 resistance (at $89) after testing (and bouncing off of) $78.04 minor support. Volume ended the 7 day streak of shrinkage when demand showed up at $78.04 minor support. Parabolic SAR flips bullish at $92.78 minor resistance. RSI is currently trending up at 48.50 after testing the descending triangle from August 2021 at ~40 for a little over a week (strengthening the case for established support); the next resistance is close by at 51.40. Stochastic is forming a bullish crossover and is currently trending up at 15.36; the next resistance is at 21.78. MACD is forming a trough and is currently trending up at -3.55 (it is still technically testing -2.43 minor support); a move above -1.28 would likely lead to a bullish crossover. ADX is trending down slightly at 29 as Price surged in today's session, this is neutral at the moment. If Price is able to break out above the 50 MA + Parabolic SAR at $92.78, the next likely target is a retest of $102.60. However, if Price is rejected at $92.78, it will likely test $84.05 as support. Mental Stop Loss: (two closes above) $84.05; currently on track for one close above today but to be mindful of the threat of a bull trap, two closes above $84.05 would help confirm support.
Cosmos
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 35% LUNA, 65% cash. **Sunday bull-trap watch**. Price has now been testing $80 as support for four consecutive sessions now and is currently forming a rounded bottom (U shaped) as it attempts to test $84.05 resistance. Volume has now shrunken for seven consecutive sessions (indicating an impending breakout/breakdown) and is on track to favor buyers for two consecutive sessions if it can close in the green today. Parabolic SAR flips bullish at $96. RSI remains trending sideways at 38.50 as it has now been testing the descending trendline from August 2021 for seven consecutive sessions now; if it can establish support here it would be bullish. Stochastic remains bearish as it is currently attempting to complete a double bottom at 1.60; a move above 4 would reinstate a bullish crossover. MACD remains bearish and is finally showing signs of trough formation just below -2.43 minor support (currently at -3.40). ADX remains trending up at 30 as Price is attempting to fend off the selling pressure, this is mildly bearish. If Price is able to breakout above $84.05 and recapture support there, then it will likely test the 50 MA at $92.78 minor resistance. However, if Price is rejected here then it will likely retest $78.04 minor support before potentially heading lower to $70.15 support. Mental Stop Loss: (two consecutive closes above) $84.05.
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 20% LUNA, 80% cash. Price is still defending $80 as the selling pressure mounts; the next support (minor) is at $78. Volume remains very low and continues to shrink (since 04/11/22), indicating that an impending breakout/breakdown is likely; it has favored sellers for three consecutive sessions now. Parabolic SAR flips bullish at $99. RSI remains trending sideways at 38.50 and is beginning to trend down just below the descending trendline from August 2021. Stochastic has officially regressed to a bearish crossover and is currently trending down at 1.60 as it fast approaches max bottom. MACD remains bearish and is currently trending down below -2.43 minor support (at -3.32) with no signs of trough formation; the All Time Low is at -7.75. ADX is trending up slightly at 28 as Price continues to fall, this is bearish. If Price is able to defend $80, then the next likely target is a retest of $84.05 resistance. However, if Price continues to fall here, then it will likely retest $78.04 minor support before potentially retesting $70.15 support. Mental Stop Loss: (two consecutive closes above) $84.05.
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 25% LUNA, 75% cash. Price is currently defending $80 as it trends lower toward a formal retest of $78 minor support. Volume remains very low and has been shrinking since 04/11/22, indicating that a breakout/breakdown is likely pending; it has favored sellers for two consecutive sessions now. Parabolic SAR flips bullish at $102.60 minor resistance. RSI is beginning to trend down at 38 and is currently showing signs of breaking down below the descending trendline from August 2021 (this would increase the likelihood of RSI retesting the uptrend line from November 2019 at 30 significantly). Stochastic is currently crossing over bearish at 5.54 and if it were to continue, then a retest of max bottom for the first time since 01/29/22 would likely follow. MACD remains bearish and is currently barely breaking down below -2.43 with no real signs of trough formation. ADX is beginning to trend up at 28 as Price continues to fall, this is bearish. If Price is able to bounce here, then it will likely retest $84.05 resistance before deciding it's next move. However, if Price continues to fall, then a retest of $78.04 minor support and potentially lower at $70.15 is likely. Mental Stop Loss: (two consecutive closes) above $84.05.
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 30% LUNA, 70% cash. Price formed a bearish engulfing candle that took it back down below $84.05 support earlier today (in yesterday's session) and is currently trending down at $81; the next support is at $78. Volume remains very low and broke the two-day streak of buying earlier today (yesterday's session) and is on track for two consecutive selling days if it closes today in the red. Parabolic SAR flips bullish at $102.60 minor resistance. RSI is currently trending sideways at 39 and is technically still testing the descending trendline from August 2021 as support. Stochastic is currently on the verge of regressing to a bearish crossover at 7.50 (a fall below 7 would accomplish this). MACD remains bearish and is currently testing -2.43 minor support with no signs of trough formation; this is bearish. ADX is currently beginning to trend up slightly at 30 as Price faces more downward pressure, this is bearish. If Price is able to recapture $84.05 support, then the next likely target is a retest of $92.78 minor resistance. However, if Price continues to fall from here (or is rejected at $84.05 resistance) then it will likely retest $78.04 minor support before potentially testing $70.15 support. Mental Stop Loss: (two consecutive closes above) $89.52.
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 45% LUNA, 55% cash. Price continues the bounce upward from $84.05 support in a bid to establish it as a major support; it is simultaneously forming a bear flag in doing so (something to monitor). Volume remains very low and is on track to favor buyers in two consecutive sessions if it closes today in the green. Parabolic SAR flips bullish at $108. RSI continues to test the descending trendline from August 2021 as support and is currently trending up at 43 (just above the trendline). Stochastic is attempting to establish a bottom at 3.56 and is currently forming a bullish crossover at 7.50; the next resistance is at 21.78. MACD remains bearish and testing -0.12 support; it is currently trending down at -0.60 with a slight angle toward a trough formation starting to be made. ADX is trending sideways at 28 as Price is attempting to establish a key support at $84.05, this is neutral at the moment. If Price is able to continue trending up, the next likely target is a retest of the 50 MA at $92.78 minor resistance. However, if the bear flag plays out, Price will likely breakdown below $84.05 and retest $78.04 minor support before potentially falling lower. Mental Stop Loss: (two consecutive closes above) $92.56.
A Good Place to Accumulate, Osmosis?OSMOSIS
So, right now, OSMO is trading at 9$, everything between 8.40$ and 9$ can be considered as Support, see B1. This zone is also a good spot for DCA OSMO.
If B1 does not hold as support at all, we should entertain the Idea that the Price is coming down to 7$ / 7.80$. See B2 which is also an excellent Zone to DCA OSMO.
Note, the Markets are still very Volatile due to the Juno BS, War, Fed etc. TA does work, but right now, there are numerous Values which are pretty hard to take into consideration. As for me, I do accumulate some OSMO right now, if Price dips further, I will accumulate again (B1 & B2).
If Osmosis is starting to Dip below 7$ i am going to spend 60% of my Daily LP-Rewards buying OSMO and ATOM to provide Liquidity to Pool#1. Remember, this is how I play OSMO right now, this does not mean it's a Game plan worth copying it. Always DYOR and make up your own Mind.
PS.
Tradingview only provides date from 12/22/21. Of course, I did take the Data from info.osmosis.zone into consideration.
If you like my Content, hit the 👍 and/or comment and make sure to follow.
This Analysis is not intended to be investment advice. Always DYOR.
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Price is currently testing $84.05 support for the third consecutive day and is beginning to form a bearish flag as it attempts to establish support. Volume remains very low and broke the two day streak of selling yesterday with Price attempting to bounce here; a green close would strengthen the case for temporary support at $84.05. Parabolic SAR flips bullish at $108. RSI is currently testing the descending trendline from August 2021 at 42 as support. Stochastic is currently crossing over bullish at 4. MACD remains bearish and is showing no signs of trough formation as tests 0 support. ADX is beginning to trend up at 28 as Price is attempting to find support, this is mildly bullish. If Price is able to establish support at $84.05, the next likely target is a retest of the 50 MA at $92.78 minor resistance. However, if Price breaks down here, it will likely formally retest $78 minor support before potentially heading lower. Mental Stop Loss: (two consecutive closes above) $92.56.
LUNA/USD Weekly TA Neutral BearishLUNA/USD Weekly neutral with a bearish bias. Recommended ratio: 35% LUNA, 65%% cash. Price is currently testing $87.51 minor support (breaking down below at $85). Volume remains very low and will make it two consecutive weeks of selling if it closes in the red this week. Parabolic SAR flips bearish at $51, this leaves a lot of room for Price to fall and still not flip the SAR bearish . RSI is currently testing the uptrend line from November 2019 at 56. Stochastic is currently in the process of crossing over bearish at 58, just below 66.26 resistance. MACD remains bullish and is trending down at 13 after forming a peak at 14.09 minor resistance; if it crosses below 12 it would be a bearish crossover. ADX is trending sideways at 41 as Price is falling, this is neutral. If Price is able to establish support at $87.51, the next likely target is a test of $98-$105 before reassessment. However, if Price continues to break down here, it will likely retest $74.60. One condition to pay attention to is Price and its relationship with both the Daily and Weekly MACD , if Price were to break below $78 on the Daily, MACD would likely lose -0.12 support and test -2.43 minor support; if this were to happen it would likely plunge the weekly MACD from 13 to 12, causing a bearish crossover; this would potentially take Price down to between $57.15 and $74.60 in the short to medium term. Mental Stop Loss: (two consecutive closes above) $100.
**Occasional fundamental analysis on my Twatter**
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. Recommended ratio: 30% LUNA, 70% cash. Price has broken down below the 50 MA ($90.50) and is currently testing $84.05 support. Volume remains low and with a red close today would favor sellers in eight of the past ten sessions (indicating enough buyers currently do not see value in above-$100 LUNA). Parabolic SAR flips bullish at $114. RSI remains trending down and is currently testing the descending trendline from August 2021 at 40 as support. Stochastic is currently attempting to crossover bullish at 4.50 as it precariously hovers over max bottom, this is mildly bearish. MACD remains bearish and is currently trending down at 1.56 as it approaches 1.16 support. ADX is currently forming a trough at 26.6 and is slightly trending up as Price continues to fall, this is bearish. If Price is able to establish support at $84.05, the next likely target is a retest of $92.78 minor resistance (which would coincide with the 50 MA). However, if Price continues to fall here, it will likely retest $78.04 minor support. Mental Stop Loss: (two consecutive closes above) $97.77.
*Occasional fundamental analysis on my Twatter*
LUNA/USD Daily TA Neutral BearishLUNA/USD Daily neutral with a bearish bias. Recommended ratio 35% LUNA, 65% cash. Price is currently testing $92.78 minor support for a third consecutive session as the 50 MA is slowly moving up (currently at $89.80). Volume remains low and ended up closing yesterday in the green, breaking the 4 day selling streak. Parabolic SAR flips bullish at $116.50. RSI remains trending down at 46 as it approaches a formal test of the descending trendline from August 2021 at 44. Stochastic remains bearish at 3.50 and is currently forming a trough in an attempt for a bullish crossover. MACD remains bearish and is currently testing 3.32 support with no signs of trough formation. ADX continues to trend down at 26 as Price faces selling pressure, this is neutral at the moment. If Price is able to establish support at $92.78, then it will likely retest $100-$102.60. However, if Price breaks down here, then it will likely retest the 50 MA (at $89.70) before potentially retesting $84.05 support.
*Occasional fundamental analysis on my Twatter*
ATOM/USDT 350% Potential from This Entry Level ( Target $100+ )#ATOM/USDT TA Update:-
$ATOM currently trading at $27
Recently hit $44 and Its gave good profit from our Initial entry.
Next..?
Now Good time to Accumulate at dip as Possible.
Accumulation Zone:- $22-$27
Targets:- $44/$80/$116
Stop Loss:- $20
Waiting for Breakout $44
Above $44 no any Resistance so Target will be $100+
Strong Support is $25 and $21
Keep an eye on this level.
Above this Level $ATOM is super bullish.
Support:- $25/$21
Resistance:- $44