LUNA, AVAX, Tron Price Analysis: 27 February

ambcrypto.com:

As the crypto-market recovered over the past two days, LUNA tested the 78.6% Fibonacci resistance while entering into an overbought position. Avalanche saw decent gains over the last few days as it swayed above its 20-50-200 SMA.

For Tron, the $0.06-mark would be crucial to determining the chances of a possible breakout of the current pattern.

Source: TradingView, LUNA/USDT

After breaking down from the up-channel from the $86-mark, LUNA witnessed a 50.11% fall (from 17 January) towards its two-month low on 31 January. Following the same, the alt entered into a recovery phase after a patterned breakout and tested the 38.2% Fibonacci level.

Meanwhile, it maintained the Point of Control as an important area of value where the buyers kept defending the $51-zone.

However, LUNA saw exceptional gains of over 50% in just the past week. Thus, it snapped off the crucial 61.8% resistance and tested the $78-level. Now, the $70-$74-range would offer immediate support before a stronger pullback. 

At press time, LUNA was trading at $75.43. The RSI stood sturdy at the brink of the overbought mark. Any reversals could find a floor near the 61-mark. After touching its record high, the AO displayed slowing signs on the 4-hour chart.

Source: TradingView, AVAX/USDT

Since hitting its 14-week low on 22 January, AVAX noted staggering 86.5% gains until 17 February.

Since then, it has seen a setback and breakdown from the up-channel. Even so, it kept testing the $77-$79-range until a strong pullback led the alt to lose this range. Now, as the bulls keenly defended the $66-support, any close above the $79-mark could propel a re-test of the $83-mark.

However, as the 50 SMA (grey) jumped below the 200 SMA (green), AVAX could see a further pullback.

At press