LUNA needs more time to cool off and play out the major bearish divergence on the daily chart. I am currently watching LUNA to potentially form a complex head and shoulders pattern with the bearish divergence before making its way to a new ATH at the end of October.
If you would know the tokenomics of LUNA you wouldn't say that. You see for LUNA to go all the way down to 25$ as your drawings show, a huge amount of UST needs to be burned meaning that many people, apps and UST users would quit using UST. THEN it is possible to drop to 25$ but not because of Head n Shoulder. Luna doesn't do that.
Flaws95
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@OneBlackCat thank you for pointing out that. It’s insane to think it would go $25 at this point. That $40 psychological support insanely strong
Shinebeast
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@OneBlackCat, this is correct. Knowledge of LUNA still very ignorant in the community