In our last Luna analysis we predicted the rise up to $100 as our target using the first wave extension theory as the foundation of our ide as seen below
Today we will be talking about our buy zones inorder to be ready to ride the 5th wave.
As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2 to end of wave 3, however trading below support.
Next area of interest will be the next available support @$38 region, touted as our last line of defense for continuation in the case of volatility in our original analysis. 0.382 Region is now our last line of defense, I personally don't see it going below the 0.382 region as it aligns with the bottom of our rising wedge pattern which looks scary btw. You can try your luck with orders at the 0.5 region but i don't see that happening.
Take profit zone is at the $150-157 region, with our main target withing the Red Zone to complete wave 5.
If you agree, pls leave a like and share your thoughts in the comments.
Make sure to manage your risks.
Today we will be talking about our buy zones inorder to be ready to ride the 5th wave.
As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2 to end of wave 3, however trading below support.
Next area of interest will be the next available support @$38 region, touted as our last line of defense for continuation in the case of volatility in our original analysis. 0.382 Region is now our last line of defense, I personally don't see it going below the 0.382 region as it aligns with the bottom of our rising wedge pattern which looks scary btw. You can try your luck with orders at the 0.5 region but i don't see that happening.
Take profit zone is at the $150-157 region, with our main target withing the Red Zone to complete wave 5.
If you agree, pls leave a like and share your thoughts in the comments.
Make sure to manage your risks.
Comment:
Boy this coin is something else you know, all that only to play out still.
Order cancelled:
No mans land
