Positive divergence charts the reversal path for 💥$LUNA! 🚀
Based on the attached chart (4-hour), we observe the formation of strong reversal signals represented by the clear positive divergence between price and technical indicators:
🟠 StochRSI (No. 1): We notice that the indicator has begun forming higher lows (green line) while the price is still in a downward or sideways trend, indicating selling saturation and the beginning of buying momentum.
🟡 MACD (No. 2): A positive crossover is looming with diminishing negative momentum, supporting the possibility of a rebound from current support levels.
🟢 RSI (No. 3): The clearest divergence is here; the price is achieving lower (or equal) lows while the RSI indicator is achieving higher lows, which is a classic signal of weakness in the current downtrend.
🔵 Price Action (No. 4): Holding above the 0.1031 levels is crucial. Breaking and sustaining above the moving averages shown in the image will pave the way for higher targets.
Conclusion 🔶: Technical indicators are now leading the price and suggest an imminent price explosion 💥🚀 if the overall market stabilizes.
Do you think LUNA will regain its shine and break through the upcoming resistance areas? Share your analysis in the comments! 👇
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