LUNA is another big hitter that is MAXED out. Weekly RSI was up at 97!!! It will have a VERY heavy sell off when Bitcoin retraces shortly - currently estimating 20K or lower. Probable it will get back to 0.618 $1 range at least.
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Volume declining for months and bearish divergence means only one thing - a correction is due. And corrections can become downtrends, we'll see.
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LUNA down over 50% today since time of call.
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Top is in. LUNA about to make the next leg down.
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Well I'll be honest I guessed $2 - I didnt see 0.02 coming...
Great post! Maxed out is right! That RSI is off the charts!
REKTBID
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Bro..you clearly do not understand LUNA. Don’t underestimate it. From a chart TA standpoint is healthy on the buy zone
dRends35
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@Trader_AD, "Bro" you clearly do not understand price action. Don't underestimate it. If you think that buying after RSI diverges from 97 without a correction is "healthy on the buy zone" then you'll be underwater soon enough.
REKTBID
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Well let’s see bruh
dRends35
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@Trader_AD, So you are buying more here "bruh"?
dRends35
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@Trader_AD, How are we doing there "bruh"? Still think you understand LUNA?
cryptodejim
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do you understand what Luna is ? I very much doubt we'll be seeing anything like what you've said here, Luna is also over sold on the stoch RSI weekly
dRends35
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@jimsarj, Yes I understand Luna to be a good crypto that is attached to the Titanic - Bitcoin. And I can read a chart. And just like on my Bitcoin threads, most don't see what is about to happen and that's because they're mostly reading the brochure and smacking their chops, not interested in doing the graft to understand price action.
cryptodejim
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@dRends35, the tokenomics of luna work with the demand of the terra stable coin ust, we can both agree btc tanking tanks luna and others. But with the current protocols like anchor and mirror and ones being released on terra soon i think we'll see something unseen happen during a market dive, DYOR on the terra ecosystem if you want to understand luna, that's assuming you haven't already
i'm not questioning your graft or what your seeing play out on the btc chart either, i'm questioning the huge dip you expect luna to take, however if your correct i'll be buying more and i urge yourself and anyone else do the same