This is exactly contrary to what we just saw with BANDBTC.
BANDBTC is trading near its All-Time Low, which makes the chart look great for bottom price buyers like myself.
Instead, LUNAUSDT is trading near its All-Time High... Something that we do not prefer and we definitely do not trade but there are different methods, different strategies, different trading styles... Here is what this chart has to say.
The LUNAUSDT chart has bullish technicals all across.
We have a strong RSI and are in the middle of a very strong bullish run.
On the 4-Oct. week we had a bearish close. Something to look at for at this level but the bears are not strong.
Bear volume is pretty low and prices remain trading above EMA10. As long as LUNAUSDT is trading above $33.80 - $34.60, a strong bullish potential remains.
With additional bullish growth, we aim at $52, $71, and $82, it can go much higher... Additional targets can be $111 and $152.
Main support levels based on the previous bearish wave would be around $15 in the range between $13.90 to $19.60.
Where do I see this going?
It can easily print another leg up before any strong correction shows up... But don't blame me if this doesn't happen, this is not my type of chart.
Remember, I am all for low risk and high potential rewards.