Terra price signal that preceded an 80% LUNA rally is back By Cointelegraph



A technical setup that preceded an 80% price rally in the (LUNA) market in August 2021 has appeared again.

The technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and the nine-week MA called the signal line, plotted above the zero line, as shown in the chart below.

weekly MACD illustration. Source: TradingView
LUNA/USD weekly price chart featuring price-momentum bearish divergence. Source: TradingView
LUNA/USD weekly price chart featuring Fibonacci retracement support/resistance levels. Source: TradingView
LUNA/USD weekly price chart. Source: TradingView
LUNA/USD weekly price chart featuring “double top” setup. Source: TradingView