Terra (LUNA) clearly has been among the biggest winners in 2021. Next stop: MOON. Covered: Terra (LUNA)’s Big Win in 2021 LUNA’s Charts (D, 4H) What to Anticipate Next Terra (LUNA) Has Been Among the Best Performers in 2021. Terra (LUNA) has been on an absolute tear this year. On January 1, 2021 LUNA’s price […] The post All Eyes on LUNA As It Seems To Be On Its Way To The Moon  appeared first on CryptosRus.

All Eyes on LUNA As It Seems To Be On Its Way To The Moon 

Terra (LUNA) clearly has been among the biggest winners in 2021. Next stop: MOON.

Covered:

  • Terra (LUNA)’s Big Win in 2021
  • LUNA’s Charts (D, 4H)
  • What to Anticipate Next

Terra (LUNA) Has Been Among the Best Performers in 2021.

Terra (LUNA) has been on an absolute tear this year. On January 1, 2021 LUNA’s price was a whopping $0.63. And less than a year later, it’s ranked #9 in terms of market cap.

It’s currently breaking out around the $90 USD range as I’m writing this. How much further can it go before the end of 2021?

Its name LUNA seems more appropriate now than ever, seeing as it is going to the moon.

RECOMMENDED: LUNA GEARIN’ UP FOR MOON MISSION THANKS TO TERRA UST STABLECOIN

LUNA (Weekly)

LUNA’s data on weekly chart is minimal as it only dates back to May of 2021. As seen in its weekly chart, it has gone parabolic but the weekly volume has been decreasing lately.

This week is relatively new so it’s hard to tell how much volume will pile up by the end of this week. Rest assured, this is what every HODLER wants to see. For those who got in early, they are probably having an euphoric moment.

I don’t want to dampen their mood but this kind of move also makes it very difficult to hold because even if the move might not be over, and there could be more upside, a intermittent pullback can be severe.

Its uptrend is well-defined and its moving averages are also going near vertical.

Momentum oscillator shows that the fast momentum (yellow) is in the overbought zone and shows a no sign of slowing down.

Squeeze indicator has no data but it is showing price expansion.


LUNA (Daily)

LUNA as I’m writing this getting very close to a resistance and a price target of 94.5.

There is a good chance that it could pause or stall in the “Fibonacci Resistance Cluster” price at near 94.5- 94.8.

I drew an extra moving average 5EMA (burgundy) which is the fastest moving average I use in a momentum breakout move.

If LUNA cannot breach around 94.5, my expectation is that it could at least come down to 5EMA (burgundy) which is around 83 as of this writing.

Its uptrend shown by moving averages needs no explanation and this is as clean as it can get in terms of moving averages going up together. The momentum oscillator shows that fast momentum (yellow) entered the overbought zone and shows no sign of slowing down.

Squeeze indicator shows that medium compression (red) has fired, which means price expansion. Not to mention, it still has low compression (black) squeeze left. From the daily perspective, it shows that it has more upside left according to the squeeze indicator as it hasn’t released it low compression squeeze yet.

We’re seeing the entire crypto market bouncing and it is a time like this when outperformers tend to shine.

Technical Levels (Moving averages constantly changes their values with price) 

  • Price target 1:94.5 – 94.85
  • Price target 2: 120.78
  • Support 1: 5EMA (burgundy)
  • Support 2: 8EMA (yellow)
  • Support 3: 21EMA (cyan)
  • Volume support: 74

RECOMMENDED: LUNA TEARING UP THE CHARTS WITH 30% GAIN

 

The post All Eyes on LUNA As It Seems To Be On Its Way To The Moon  appeared first on CryptosRus.