Hello All. Looking at LUNAUSD on the daily timeframe , we see that the price has formed a second peak at around $110. While the price can surge towards new all time highs, it is more likely to see a retracement after a 130% run.

Currently LUNAUSD is inside a rising channel with a resistance sitting at around $115 and the support at around $95.

Stochastic RSi shows a reading above 80, meaning it is overbought and needs a pullback.

My optimistic pullback targets will be the 50 day EMA at around $85, and the fibonacci golden pocket $76-$78.

A technical pullback target and to confirm the double top pattern will be at the major support/neckline at $50. Pullback to 200 day EMA is also very likely.

Thanks for reading, and stay tuned. Enjoy.