LUNA to Spike 80%? Here’s What Analysts Think

Terra’s LUNA has been trending to the downside in the past few days, but different indicators show interesting signs and the next price movements could be fundamental to confirm either an extremely bullish or a bearish signal. Related Reading | LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its Price? What Is Boiling Up In LUNA’s Weekly Timeframe? When an anonymous trader used Moving Average Convergence Divergence (MACD) to analyze LUNA’s next possible movements, the weekly chart showed an interesting crossover. “Something is up on $LUNA weekly timeframe. Last time the MACD crossover occured it sent $LUNA from $12 to $106.” A MACD crossover can give a bullish signal when the MACD (see the blue line in the chart below) rises above the signal line (see the yellow line). The opposite crossover would give a bearish signal, which can also be seen below in previous months as an example. Another pseudonym trader noted that multiple time frames are looking good for the digital coin, which they think could be because a result of “the massive amount of BTC being bought to help support stable UST or it could be that the whole market is bubbling up” “1 hour pointing upwards, 4 and 6 hours are about to print bullish twist above the cloud (max bull signal in my mind), 12 hour and daily charts look happy enough and will likely look even nicer as Luna presses to all time highs.&#8...