The bull party for LUNC is over, and now we need to regain strength again at lower levels!
Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation.
Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales.
Better to short it on the futures market to make some money or just stay away. That's my recommendation.
I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss.
As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside.
0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend.
I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below.
it's completely wrong to base all your trade on the elliot waves without any other confirmations, that's not how you do TA
Tolberti
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@AndyFreecs, It's a new coin and there is no data on this daily timeframe. You can analyse more on 4h or 1h chart. I think we will go lower at least to 0.5 FIB to re-test the previous structure.
Kaloian
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@Tolberti, to begin with tolberti has done good job here even tho i wont ever trade any Luna his TA falls in line with what i would expect as movement andy. charts are unpredictable but with some experience you can generally expect specific moves