LUNA/USD Weekly TA Cautiously Bullish

LUNA/USD Weekly cautiously bullish. Recommended ratio: 85% LUNA, 15% cash. Price is currently in the process of reclaiming the uptrend line from July 2021 (a close above $100 this week would accomplish this and give confirmation to go ALL IN). Volume remains very low and is on track for a fourth consecutive week of shrinkage, hinting that an impending breakout or breakdown is due. Parabolic SAR flips bearish at $48. RSI is currently trending up at 67 after breaking out above 64.56 resistance; the next resistance is at the descending trendline from February 2021 (75). Stochastic remains bullish and is currently trending up at 58; the next resistance is at 66.26. MACD remains bullish and is currently trending up at 13.5 as it approaches a test of 14.09 minor resistance. ADX is beginning to trend up at 36 as Price continues to appreciate, this is bullish. If Price is able to close this week above $100, it will likely retest the upper trendline of the ascending channel from March 2021 at $125 before potentially testing $150. However, if Price closes below $100, it will likely confirm a more pronounced Double Top that will have Price retest $87.51 minor support. Mental Stop Loss: (once close below) $97.88.