LUNAUSD Update for the next 3 months. Target $160.00.

My last Terra (LUNAUSD) analysis was in late February where I set a medium-term target of $130.00:


Even though the price "only" managed to scratch the $120 mark, that was good enough for those who bought into the rally and naturally the price dropped on heavy profit taking.

As you see the fractal comparison with the early 2021 Cycle played out fairly well. From September to November 2021, the fractal extended its rise through a steadier and more structured Channel Up formation. That pattern in a little more than 3 months reached the 1.5 Fibonacci extension.

That extension is currently a little above $160.00 and that is our target by mid Summer.



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