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Trading View May 11, 2022

LUNA – Where would it stop? ⚠️

LUNA - Where would it stop? ⚠️

LUNA – Where would it stop? ⚠️

Luna / TetherUS BINANCE:LUNAUSDT

ShawnMCR

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

LUNA broke the last support it had, and now god knows where it will land.
My analysis so far confirms that there are still two support levels left. Each of them is the consolidation area it first made to start a break out when the coin was released.

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:

RSI (The relative strength index)

Current Market Price: $0.96

Let me know your ideas.

Good luck.

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