Terra is having a very impressive 1 week bullish streak, rising more than +80% since February 20. The price action since December 2021 is very similar with that of March - July 2021. This time it is the 1D MA200 (orange trend-line) supporting, while in March - July it was the 1W MA50 (red trend-line). Even the RSI on the two was a Falling Wedge pattern.
In August...
I have posted a LUNAUSD analysis earlier this month (Dec 02) but due to the latest market volatility, it is a good time to update it:
As you see that pattern above played out almost exactly as planned as the price initially broke out then pulled-back to the 1.0 Fib and rallied strongly above $100.00 up until the last few days. The obvious dominant pattern is...
LUNA is having a strong rebound in the past week or so but based on this long-term pattern, not as strong as the one that is about to come.
According to this, the worst case scenario for LUNAUSD is to be trading within a (green) Channel Up, which on its more modest outcome in August 2020, it made a rally and peaked just above the 3.0 Fibonacci extension. That...
