LUNA/USD Daily TA Cautiously Bearish

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LUNA/USD Daily cautiously bearish. Recommended ratio: 30% LUNA, 70% cash. Price is currently printing a Gravestone Doji candle (bearish) at $89 as bulls were swiftly rejected at $92.78 minor resistance. Volume remains very low and is on track to favor sellers in today's session, which is bearish considering how close the MACD is to a bearish crossover and how Price has been hovering between support and resistance for five consecutive sessions now. Parabolic SAR flips bearish at $84.05 support, this remains bearish. RSI remains trending sideways at 47 and is beginning to slightly trend down, the next support is at the descending trendline from August 2021 at ~40. Stochastic remains bearish and is currently trending down at 61 after breaking down below 69.86 support; the next support is at 43.42. MACD remains bullish (correction from yesterday's TA where I incorrectly labeled it bearish) and is on the verge of a bearish crossover as it continues to hover at -1.06; a continued fall in Price in the next session will likely cause aforementioned bearish crossover and the next support is at -2.43. ADX remains stalled yet trending down at 17 as it appears to be nearing an inflection point where it will likely form a trough; if this happens and Price continues to fall, this would be bearish. If Price is able to surge here and reclaim $92.78 minor resistance, the bearish thesis would be invalidated and the next likely target would be a retest of $102.60 minor resistance. However, if Price breaks down here then it will likely retest $84.05 support (and potentially lower). Mental Stop Loss: (two consecutive closes above) $92.78.

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