The simplest answer is coming back to 0.618 fib level. the chances of this happening are over 90 %. let see how will it unfold.
Not a financial advice.
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Some Luna marketers under comment section try to indirectly persuade people to hold their tokens, be careful folks. I will keep updating this till the short is ready. For now this will go to ATHs
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Almost all cryptos are down atm, remember this quote: " in an asset class the one that goes the last will go the most " Nelson Elliot
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This seems to be the go I'm shorting .
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Learn EW 2.0 by studying my 20-page research paper only for $50. the revenue I generate from selling my research paper goes to charities in Afghanistan. if u dont help starving children. please dont inbox me, asking for advice. why would I help you?
Here is the BTC wallet address:
14K493JrUMYyQdpkGHaFz6rbHMYd1rvCTY
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I did a comprehensive analysis on this token . Now I have no doubt, this can worth Zero in few months .
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😎 lol
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New video out on Nifty
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look for the shorts again
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Stay away for now . It seems like we are going to ATHs before the drop .
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I made some few bucks shorting this for the first time . How ever it didn't go as anticipated . I'm back at it again . This time my ultimate target is below $10
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Second short position added. I'm confident of this bubble bursting soon.
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Shall I add the third short position or wait for a pullback before doing that . Remember our longer term target is $10 on this over hyped scam
There is no reason to believe this. Such a dump is not possible until the usecase of UST goes dramatically back. This shows you have no idea about the LUNA tokenomics.
@CountLikeWallStreet, He is right. Charts often rely on supply and demand. Usually it's not complicated, but Luna is burning as UST demand is rising and dropping circulating supply. I'm not sure how far you can use charts on stuff likes this.
kg93
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@CountLikeWallStreet, NGMI
SabahEquityResearch
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@ThisIsMe21 I treat the chart as a human being which has greed an fear. I do it based on a research which has worked for the past two century.
it's greed and fear which drive the markets not this tokenomic nonsense.
ppip
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@CountLikeWallStreet, I sold my Luna already for this reason. However, its flawed. I has nothing to d with market sentiment. In fact given the Terra USD market and what it was 18 days agao when luna was at 40 Terra should be 100 bucks this moment and not 75. You do understand how this coin works right? That it's not 1 coin but 2.
Mickfoley
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@CountLikeWallStreet, Not this tokenomic nonsense? So less supply with the same demand doesn't mean price goes up? Alrighty...
ppip
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@Mickfoley, If you look at the the terra usd market cap over time you can see the correlation. In fact at the moment it seems like it should be about 100 dollars but is a bit suppressed by the the btc flashcrash fall out
UnknownUnicorn3382580
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Fifth wave is a distribution to the masses. Need a solid pullback. Like!
SabahEquityResearch
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@OneBlackCat at this point I have no doubt this comment is made by Luna developers. folks be careful of this scan