LUNA/USD Daily cautiously bearish . Recommended ratio: 25% LUNA, 75% cash. Price broke down below $102.60 minor support, but more importantly it broke down below the lower trendline of the ascending channel from 02/26/22 in addition to the upper trendline of the ascending channel from March 2021; it is currently testing $92.78 minor support. Volume remains low and is on track to favor sellers in five consecutive sessions if it closes today in the red. Parabolic SAR flips bullish at $118 (the upper trendline of the ascending channel from 02/26/22). RSI remains below 51. 40 support and is currently trending sideways at 46 as it approaches the descending trendline from August 2021 at 43. Stochastic remains bearish and is currently beginning to form a trough at max bottom. MACD remains bearish and has broken down below the uptrend line from 02/02/22 (6.19) in addition to 5.05 support and is currently trending down at 4.15 as it approaches 3.32 support. ADX is currently trending down at 29 as Price continues to fall, this is neutral at the moment. If Price is able to establish support here at $92.78 minor support, then it will likely bounce for a retest of $102.60 minor resistance. However, if Price continues to break down here, it will likely retest the 50 MA at $89.64 before potentially retesting $84.05 support. Mental Stop Loss: (two consecutive closes above) $102.60 (this becomes invalidated if Price is able to close above $102.60 in today’s session).

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