LUNA – Outlook ✅

Luna / TetherUS BINANCE:LUNAUSDT

ShawnMCR

Let’s see how LUNA is behaving.
This is a 1D chart. (Long Term)

LUNA also broke two resistance areas and landed on support.
There are two possible scenarios: either the price will pull back and hit resistance or pass the support area and go lower.
Two resistance areas are pushing down on price, and this support level will only hold while Bitcoin is going sideways.
Once BTC drops, LUNA will drop as well.

The RSI shows that LUNA is below the 50 levels, the center.

If you want to know how the RSI indicator works, take a look at this Educational Idea. It’ll help you have better readings:

Current Market Price: $30.60

Let me know your ideas.

Good luck.

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