Just like the previous SUSHI post, LUNA is on course for a First Wave Extension impulse wave
Target is $97-$121 to complete the third wave, after which a slight retracement to the $54 levels ($38 if volatility is high) and back up to $150 to complete wave 5.
Expect price to return back to Wave 2 correction in the case of a bear market. The above statement could result in a larger Wave Degree being formed.
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Luna has been updating it's all time high hour after hour since it broke it's previous ath. $100+ might come sonner than anticipated
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LUNA has hit our $100 dollar target creating an ath of $101.50 dollars. Good time to take some profits of the table and reinvest elsewhere or buy lower at a later date. Still room for possible growth tho.
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LUNA has broken its ascending trendline forming a bearish divergence in the process after making new all-time highs. Though a bullish divergence looks to be forming as well, but isn't confirmed. Local support all the way down would be good areas to DCA. $87 $78-80 $68
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Update to chart & idea! Wave 5 targets are now a take profit zone for when the impulse move for the fifth wave starts, precisely where the horizontal line is drawn. Final Targets could be much higher, possibly a thousand, or close to at least.