I am watching LUNA closely and depicted above are some of my key points..👆📌📈
We recently broke up and out of a , but I am not convinced just yet, let's see if we bounce down from this possible resistance at the top of our triangle/ shape..!🆗↘↗🧐🔺
Just a few days ago there was news that the (80 percent drop in price recently) drop👀🐻 in LUNA token🌚 caused major issues with the price of Terra blockchains PIGCOIN🐷💲 pair ( UST ,) was down upwards of 11 cents at one point. 😨
PIGCOINS🐷💲, or (stablecoins,) are supposed to stay at a fixed price and not deviate in either direction (think US dollar )
TERRA, having a large amount of reserves in their token LUNA, then had to buy up aggressively their LUNA token to fix the drop in UST .
This does not go unnoticed and is something to consider before investing in this token short-term.
Long term, LUNA is expected to make a recovery but it is always wise to use caution!
Thank you so much for considering this chart/analysis of LUNA-USD, I always love your feedback!!!🐶🎉
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Always with pleasure