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pension-penholder-enhance
Feb 14, 2022 4:20 AM

Under $65 is a steal; Over $200 is a sell Long

LUNA / U.S. DollarGemini

Description

Terra has all sorts of things happening, from a Washington Nationals sponsorship to a multiple payment apps going live this quarter. From a technical standpoint it looks over sold and ready to climb slowly toward $100 again. This drawing includes a pitchfork to capture the current trend (fresh, but likely) and a 730 period moving average with a multiplier to predict potential min max range.
Comments
kg93
thank you
pension-penholder-enhance
@kg93, Thanks for looking. More detailed chart coming today
PlatanoinaPorsche
thanks, glad to see that you look into fundamentals and not into resistant and support. What is your current target for Luna?
pension-penholder-enhance
@PlatanoinaPorsche, Thank you for noticing. I should mention that another driver is additional backing to UST in the form of BTC reserves ($1 Billion) coindesk-news.com/2022/02/24/luna-foundation-guard-raised-1-billion-for-btc-forex-reserves/
pension-penholder-enhance
@PlatanoinaPorsche, Really hard to set a target until there are more fundamentals from UST adoption. $75 to $105 seems like a reasonable range for this year. The developments in Luna from a business perspective, Anchor protocol's growth, and the economics of Luna supply have me convinced this is a buy and hold long term So I'll stick with buying under $65 and only considering trimming the position at extreme upward moves. I wouldn't sell any lower than $130.

Target of $106.30 is reasonable if I have to pick a number in the short term.
pension-penholder-enhance
Fork holds up pretty well so far.
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