LUNA/USD Daily neutral with a bearish bias. Recommended ratio: 45% LUNA, 55% cash. Price is currently retesting the 50 MA as resistance as it attempts to flip $92.78 from minor resistance to support. Volume remains very low and is on track to favor buyers for two consecutive sessions if it is able to close today in the green; this scenario would be mildly bullish. Parabolic SAR flips bearish at $82. RSI is breaking out above 51.40 resistance and is currently trending up at 53. Stochastic is currently in the process of regressing to a bullish crossover at 79.50 after being bearish for two sessions, the next resistance is at max top. MACD remains bullish and is currently trending up at -0.88 as it approaches a test of 0 resistance. ADX is trending down at 19 as Price is surging in today's session, this is neutral at the moment. If Price is able to close above the 50 MA, it would need another consecutive close to establish support; then the next likely target would be a retest of $102.60 minor resistance. However, if this is a bull trap and Price falls back below $92.78 minor resistance, the next likely target would be a retest of $84.05 support. Mental Stop Loss: (two consecutive closes above) $92.78.
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