Luna Coin Cryptocurrency Forecast

Red day on Tuesday for Luna Coin
(Updated on Jul 02, 2024)

LUNAUSD Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Luna Coin cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.122 and $0.0700. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, June 30, 2024, and so far it has fallen -99.98%. Further fall is indicated until a new bottom pivot has been found. Luna Coin gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Luna Coin cryptocurrency

Luna Coin finds support from accumulated volume at $0.00008113 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.00000208 between high and low, or 2.60%. For the last week, the cryptocurrency has had daily average volatility of 5.76%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LUNAUSD) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Luna Coin to open at $0.00008115, and during the day (based on 14 day Average True Range), to move between -$0.190 and $0.190, which gives a possible trading interval of +/-$0.190 (+/-233 888.73%) up or down from last closing price. If Luna Coin takes out the full calculated possible swing range there will be an estimated 467 777.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.00008113 (0.29%) than the resistance at $0.00009519 (16.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Luna Coin cryptocurrency A Buy?

Luna Coin holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency.

Current score: -6.481 Strong Sell Candidate Unchanged

Predicted Opening Price for Luna Coin of Wednesday, July 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.