Hello everyone,
Beautiful isn't it. This chart was done somewhere during July to August and has been just used to chart the nice parabolic action ever since. There are no words needed, we trade the chart, the prices tell us what to do. This is LUNA, an apex asset like never before, UST minting and adoption, together with Luna burning, buying and staking, is what is leading it to its current price. Like I mentioned before, I used the chart mainly to track parabolic growth, and LUNA is finally in gear and shape.
Right now we are in the 2nd Standard Deviation Channel of the parabolic movement. Technically the red center line would represent fair price of LUNA (in my opinion), and for now we are at the upper range/resistance of the 2nd SD channel. It would be good to see LUNA breakout to the 3rd SD channel and then you could buy on a retest.
Targets
84 as a retest play of the 2nd SD range channel with a target of ATH or 100
78-83 as an add zone (Retest of old ATH, resistance to support)
68-70 as a buying off the rebound of the 1st SD range which is a strong support (albeit broken in the choppiness in the past month)
I would see 68-70 as the most opportune buy, probably due to market condition and fear and capitulation due to an expected closure of positions on 29th-30th December by portfolios big and small to restart the new year fresh + it is also in line with the astrology signs (I'm not a believer, I attribute the PA to institutional positioning that happens on the same day and its for you all who follow and believe)
Upside
UST pairing just listed on Huobi and Binance with Astroport going live + Mars going live end Jan. Cosmos and Evmos, MIM along with Rune mainnet launch are 2 networks which could get UST minter to print. This might trigger the rouge white swan and send it to 120-150 depending on the burn amount.
Twitter matching Eth 2017 and Luna 2021 action puts LUNA end TP at 350-500 for this cycle.
Hope this helps your trading plan especially for the month ahead in DCA-ing, and the longer term vision. Merry Christmas!
Beautiful isn't it. This chart was done somewhere during July to August and has been just used to chart the nice parabolic action ever since. There are no words needed, we trade the chart, the prices tell us what to do. This is LUNA, an apex asset like never before, UST minting and adoption, together with Luna burning, buying and staking, is what is leading it to its current price. Like I mentioned before, I used the chart mainly to track parabolic growth, and LUNA is finally in gear and shape.
Right now we are in the 2nd Standard Deviation Channel of the parabolic movement. Technically the red center line would represent fair price of LUNA (in my opinion), and for now we are at the upper range/resistance of the 2nd SD channel. It would be good to see LUNA breakout to the 3rd SD channel and then you could buy on a retest.
Targets
84 as a retest play of the 2nd SD range channel with a target of ATH or 100
78-83 as an add zone (Retest of old ATH, resistance to support)
68-70 as a buying off the rebound of the 1st SD range which is a strong support (albeit broken in the choppiness in the past month)
I would see 68-70 as the most opportune buy, probably due to market condition and fear and capitulation due to an expected closure of positions on 29th-30th December by portfolios big and small to restart the new year fresh + it is also in line with the astrology signs (I'm not a believer, I attribute the PA to institutional positioning that happens on the same day and its for you all who follow and believe)
Upside
UST pairing just listed on Huobi and Binance with Astroport going live + Mars going live end Jan. Cosmos and Evmos, MIM along with Rune mainnet launch are 2 networks which could get UST minter to print. This might trigger the rouge white swan and send it to 120-150 depending on the burn amount.
Twitter matching Eth 2017 and Luna 2021 action puts LUNA end TP at 350-500 for this cycle.
Hope this helps your trading plan especially for the month ahead in DCA-ing, and the longer term vision. Merry Christmas!
Trade active:
Look at where we are. Don't panic