Nailed it. I charted the same move with target for next move to 13-15 after it was rejected at 12 and formed that nice bullflag pending it held that breakout.. this thing is going to melt faces
REKTBID
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@HOFFF it is slicing through $12 like butter 🧈…how coincidental both full cycle sequential count appeared at the same price point after 6 months?
This is a very rare occurrence. This shows a lot of strength in the $7 mark. By it happening again few days ago both Momentum and Sentiment aligned
Well I don’t need to say anymore..next will be my weekly chart TA on Luna on coming Monday
HOFFF
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@Trader_AD, LUNA was one of my biggest trading regrets, having had a bag at 30 cents that I sold well under a dollar. I didn't know much about the project then, but seeing it blow up made me pay way closer attention. After the May crash, it behaved quite differently than the rest of the market. It didn't have the same bounce, and it just felt weird to me. I began accumulating. Seeing it explode now, one of the first to return to pre-crash levels, suggests to me there was some heavy manipulation to keep it off people's radars.
Will be following your analysis, happy trading!
PS. Dot is the other one I'm watching very closely with how hard it dumped and got held down, compared to other blue chip alts that have been heavily hyped like sol, ada, matic etc... it's been flying under the radar and is gunna fly, showing major strength outta nowhere this past week
REKTBID
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@HOFFF guess we are both lunatics. What TLF is doing and their focus level is just exponential. I’m eyeing on upcoming ALICE and NEBULA. Will be investing more in Terra Launchpad PYLON. Luna is still my biggest portfolio and will continue to be. LoTerra is a fun one get your chance in some weekly lucky draws
DOT no doubt about it. Should see some movement second half of AUG. just need a little more time on the weekly RSI
ERSDL is quite under the radar ..if you are a fan of AAVE or bullish on lending protocol projects. I would recommend you to have a look
HOFFF
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@Trader_AD, thanks brotha. I'll take a look at ERSDL. I made great money on aave earlier this year. As for lending protocols my main moonbag is wing (wing.finance). Also majorly under the radar, especially given how much it's actually being used, tvl, vs it's market cap. Also I'd normally never go hard on a cap that small but it's built by ontology team so it's not getting rugged anytime soon.
As for Terra ecosystem, I definitely need to do more research. Luna is a mid sized bag for me, in the realm of my vet or zil. Biggest bags are dot, ada, btc, ksm. Was heavy eth but I scaled out fully on its last run.
REKTBID
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Thanks mate ! Good luck and all the best. We just have to be careful especially this recent 2 years with the rise of almost 9000 tokens in the market. Today is an exciting day for ETH
OneBlackCat
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Perfect TA mate.
johnzgipulan
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The rise will stop @ 14?
REKTBID
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@johnzgipulan Luna will eventually make new ATH if you look at my few TA on Luna just below. There’s a growth curve on fair value
adib125
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I think luna dump soon to 10.2 with technical analyses ....