$Luna had a good run and It can possibly go up higher
to 120$. I am just trading it up and down but I believe eventually the road ends.
I trade with Elliot wave and for some of you
who isn't familiar with it.
Understand this , Markets move in up and down cycles and Luna has yet
to have came down. My count for Elliot wave shows me a target 77$ first
and then a pullback and back down to 20s...possibly lower.
The higher the price of $luna goes, the bigger the fall.
To be put it simply.
I am looking to short it from the highest point. Macd om the
weekly and daily is showing divergence.
Divergence means if the price is going up and but momentum indicator is going down.
That screams bearish. It means that buyers are leaving the scene and odds are , people are selling.
I remain neutral until I see a perfect entry which I believe is coming up soon. I'll keep you updated.
to 120$. I am just trading it up and down but I believe eventually the road ends.
I trade with Elliot wave and for some of you
who isn't familiar with it.
Understand this , Markets move in up and down cycles and Luna has yet
to have came down. My count for Elliot wave shows me a target 77$ first
and then a pullback and back down to 20s...possibly lower.
The higher the price of $luna goes, the bigger the fall.
To be put it simply.
I am looking to short it from the highest point. Macd om the
weekly and daily is showing divergence.
Divergence means if the price is going up and but momentum indicator is going down.
That screams bearish. It means that buyers are leaving the scene and odds are , people are selling.
I remain neutral until I see a perfect entry which I believe is coming up soon. I'll keep you updated.
Comment:
Luna is treading waters at the support line. this is the fifth time. Scary hours
Comment:
chart aging well...Like I said, the more luna attempts to go up. The bigger the fall. here we are