With the recent capitulation that LUNA just had with the rest of the markets selling off, this is the first time in over 2 years that the daily RSI has hit level 20.
LUNA has tapped the .786, and if this zone holds, it could see a nice run up back to around $48. If support fails, then $20 would be the next target down.
Be cautious with all the fear and volatility in these markets!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.