LUNA/USD has demonstrated considerable volatility the past five days of trading as it has tested short term lows, erupted higher and then reversed lower again.

LUNA/USD is trading near the 89.7000000 mark as of this writing and is delivering speculators with plenty of trading opportunities as it moves fast and produces rapid changes in value. On the 25^th of April, LUNA/USD was near the 97.50000000 mark, but one day later Terra fell from a seemingly comfortable value above 96.00000000 to nearly 86.90000000 in a handful of hours.

The drop of more than 10% in value in such a short duration certainly caused some speculators pain, while others no doubt profited if they were short sellers at that time. Speculators have a dangerous decision to make now regarding their perceptions on the direction of LUNA/USD. It will be important for traders to use their risk taking tactics wisely. LUNA/USD is near important support, but still maintains a rather attractive price range compared to many of its major cryptocurrency counterparts.

Interestingly, the fall to nearly 86.90000000 on the 26^th of April did not come close to the one month low via technical charts.  A price of nearly 76.00000000 was tested on the 18^th of April; this price was a retest of lows seen in the first week of March. LUNA/USD while correlating to the broad marketplace; is actually still perhaps an outlier and speculators should be cautious with Terra based on this notion.

LUNA/USD can move fast and if support levels near 89.00000000 fail to hold and are proven vulnerable, a quick test of the 88.7500000 to 88.50000000 ratios could be seen.  If short term selling were to build momentum and the 87.00000000 mark were challenged than additional nervous sentiment could develop in LUNA/USD, particularly if long term holders of Terra decide they should cash in some of the profits they have made.

While the broad cryptocurrency market continues to reflect nervousness, LUNA/USD may find itself reacting to this overall weak behavioral sentiment abruptly. The thought of selling LUNA/USD may not appeal to its speculators over the mid-term, but consideration of short and near term prices may be more important for day traders who have enough courage to short Terra.

If LUNA/USD actually climbs and begins to test the 90.00000000 mark in the short term, then it is also logical short term traders may search for quick hitting profits upwards. LUNA/USD has delivered swift results the past week and traders should be extra cautious within its choppy waters.

Terra Short-Term Outlook

Current Resistance: 90.55000000

Current Support: 88.74000000

High Target: 94.9800000

Low Target: 84.93000000

BNB/USD has demonstrated a serious amount of choppiness the past five days and its volatile results are not likely to end soon, creating speculative opportunities.

Day traders who enjoy a speculative wager with quick hitting results may be tempted to look at BNB/USD.  The results in Binance Coin the past week of trading have been choppy, and while they have mirrored many of the major cryptocurrencies, BNB/USD also famously marches to its own drumbeat. As of this writing BNB/USD is below the 392.0000 ratio and conditions are fast.

In late trading last night BNB/USD slipped to nearly 380.0000 and then reversed higher.  Because of its relatively large value per coin, BNB/USD may not produce the rapid fire percentage changes some speculators crave. Yet with a limited amount of leverage and the fact that solid volumes often create swift changes in value, Binance Coin remains a favorite of traders while searching for rapid outcomes.

Moves of a couple of USD within a few minutes are common in BNB/USD, and traders are urged to use entry price orders when wagering to make sure their fills meet expectations. Day traders looking for quick results can use take profit and stop loss orders, and produce results within a limited amount of time that some may find quite attractive. While behavioral sentiment in the cryptocurrency market remains nervous, choppy displays of value have become commonplace the past few days.

BNB/USD is within sight of one month lows, and those depths were actually created late last night.  While the reversal upwards in the past handful of hours may be tempting for speculative bulls to dream of higher prices, the move upwards may also tempt traders to believe another leg down may be exhibited rather soon too via another reversal.

The 390.0000 support level should be watched carefully, if this juncture fails to hold back selling pressure another swift burst of downward pressure may mount. Binance Coin is a major cryptocurrency which certainly can be a barometer of market sentiment due to its use as a utilitarian digital asset to trade other cryptocurrencies. Support levels are still be within sight of technical traders. If mid-March values in BNB/USD near the 380.0000 were to suddenly become vulnerable this would certainly add to nervousness.

Choppy technical conditions in the short term will certainly lead some traders to chase nearby support and resistance levels. However traders should be cautious about violent moves downwards. From a risk reward perspective there appears to be a greater chance for a larger amount of selling to be produced near term, compared to a sudden thrust upwards which penetrates distant resistance levels.

Binance Coin Short-Term Outlook

Current Resistance: 392.0700

Current Support: 388.6500

High Target: 401.1000

Low Target: 381.2900

DOGE/USD has delivered what speculators crave, a raw amount of volatility and the opportunity to make money quickly, which can also lead to costly losses.

DOGE/USD is traversing above 14 cents as of this writing, but its price action the past couple of days has been rather intriguing.  As the broad cryptocurrency market has seen a vast sea of nervous sentiment arise again, DOGE/USD actually produced a high above 17 cents on the 25^th of April, which challenged values not seen since the first week of this month. It should also be noted that on the 7^th of February highs around 17 cents were also experienced.

However, the move upwards a couple of days ago and a near retest of the high yesterday, has now been met with a rather swift reversal downwards.  DOGE/USD has produced a solid amount of volatility, and its ability to swing two to three cents in a single day of trading remains an attractive calling card for speculators who crave price changes. The thrill of making money though must be weighed, against the stark consideration that money can be lost.

DOGE/USD remains a volatile cryptocurrency, and its results the past couple of days showcase its ability to deliver ‘outlandish’ results even as the broad digital market may in fact be trending in another manner.  Yet, DOGE/USD doesn’t exist outside the halls of the cryptocurrency world and it is impacted by nervous sentiment just like all other major cryptocurrencies. Its sudden downturn yesterday has now positioned Dogecoin close to important support levels like other major cryptocurrencies.

If the 14 cents level is not able to prove durable and is broken lower, this could set off another wave of nervous selling within DOGE/USD.  Highlighting this possibility for sudden gyrations is the fact, that DOGE/USD was trading only slightly above 12 and a quarter cents on the 25^th of April before it surged to 17 cents. DOGE/USD saw a massive amount of speculative buying on Monday, and traders need to understand this is part of the Dogecoin landscape.

The broad cryptocurrency market continues to signal nervousness in early trading this morning with important support levels plainly in sight. Short term traders may be tempted to actually sell DOGE/USD on slight moves higher and look for reversals lower which test current support levels. If DOGE/USD breaks below the 14 cents juncture short term, it could produce a test of the 13 cents ratio rather quickly. As always traders are advised to be cautious with the amount of leverage they use while wagering on DOGE/USD.

Dogecoin Short-Term Outlook

Current Resistance: 0.14660000

Current Support: 0.13710000

High Target: 0.15570000

Low Target: 0.12410000

LUNA/USD has gained rapidly in the past day, and has likely turned negative sentiment among skeptics into a reconsideration of upwards potential.

As of this writing LUNA/USD is still below 100.00000000, but the value of Terra has delivered a rather impressive gain in the past two days. After slipping to a low of nearly 75.68000000 on the 18th of April, LUNA/USD now is traversing the 95.00000000 level with its typical amount of fast trading. However, the rise upwards in the past two days represents almost a 20% change of value, not a bad result, and some speculators if they were lucky, hopefully have been able to capture some of the profits made when Terra marched higher.

LUNA/USD has certainly mirrored nervous sentiment seen in the broad cryptocurrency market the last two and half weeks. However, Terra’s high of approximately 120.00000000 on the 5th of April was an all-time high. The move lower after reaching that apex was strong, and the percentage loss was likely enough to make many optimistic bullish speculators reasons to pause and consider the negative trend.

Yet the last two days of trading has reinvigorated LUNA/USD with a solid move into a rather intriguing part of its price range. Terra has also recently announced that its ‘corporate treasury’ has added additional Bitcoin to its holdings. The notion that LUNA/USD has a mandated policy from its leaders to hold BTC within its Terra financial infrastructure, and continues to buy Bitcoin as a ‘foundation’ likely adds to the allure of LUNA/USD for its bullish audience.

The broad cryptocurrency market has climbed also in the past couple of day within most of the major digital assets, but the percentage change upwards in LUNA/USD is stronger than the average return of most other cryptocurrencies. If LUNA/USD can maintain it’s trading near the 95.00000000 juncture in the short term it may spark additional buying. Perhaps short sellers may believe the move higher the past couple of days, makes Terra a candidate to look for quick hitting trades that seek limited downside too.

However, traders who are going to bet against the upwards trend that LUNA/USD has created in the past two days should be cautious with their leverage and stop loss orders. If LUNA/USD continues to demonstrate reasonable strength in the short term and holds onto a substantial amount of the gains it has made, another leg up is certainly not out of the question. Buyers looking for additional moves higher cannot be blamed, and igniting long orders on slight reversals lower near current short term support levels may prove to be a worthwhile wager.

Terra Short Term Outlook:

Current Resistance: 96.42000000

Current Support: 94.25000000

High Target: 119.2500000

Low Target: 88.75000000