LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash of the whole crypto market will happen, not just Luna. I don't think that is the case and I believe this correction was just a little breather to refuel for the next run to $.002, and the ETH merge will go just fine.
As I mentioned before I really do believe that all the projects and companies that went to Luna 2.0 will move back to Luna classic, its already happening. Then once Do Kwon (Con) is prosecuted and jailed his Luna 2.0 will rot in prison with him. No one wants to do business with a thief, so all those projects running on Luna 2 will move to Luna Classic in support of the community. The burns will really take off then I believe. This is just my speculation on how things will play out. I called the massive drop in Luna when it was at $70 dollars before its all time high, I also called the previous local top around .0006 in a previous chart as well Ill link my charts below.
This is not financial advice this is just my opinion. If you like this idea then leave me a like and comment below with your thoughts. Thank you
ON THIS ONE I WAS OFF ON THE TOP, BECAUSE OF THE BLOW OFF HYPE TRAIN THAT WAS CREATED, BUT THE CORRECTION I WAS SURE OF
what happened to your very positive view of last week.. the big cup and handle still in play?
Bitgolder
⋅
@jjblaan, Yes the chart I made last week is still in play. This correction I actually showed in the path projection, this correction is part of the handle in the cup and handle on a higher degree of trend. The chart just made was more of a short term projection but my long term projection still stands. I thought maybe a rounded bottom was happening vs a cup and handle both very similar exccept the rounded bottom doesnt have a handle and just breaks upward. The cup and handle pattern and rounded bottom pattern are very similar in their completions and percentage of upside breaks. Thank you for your comment.