Normal traders are fixing profits now
Some of them fixed half on 14,5$. Risk management is a key of success
But some indicators and domination is in favor of Luna
My spot profit is 378% now, jumped in at 6,23$
1 TP 0,00084 BTC compared to 39$
Then 0,0010 and o,0011 BTC
With LUNA sitting on the support line against BTC, this is an extremely low risk and high reward play. I'm looking to take small profits at the ATH and letting a good chunk of this one run for a while. If Defi is heating up again, LUNA will make some serious gains.
Now that we gone above the previous ATH with some ascending triangle structure, it gives confidence that the rest is upward pressure as per the daily MACD.
Refer to the elliot wave ABC measure on the left plane.
Note we are not factoring in anything parabolic. Just standard wave 5 levels of...
After having a 25% correction against bitcoin , Luna is sitting just below its local support in the marked red zone that is currently acting as resistance. Since the area below happens to be its previous ATH and the fall happened with the recent weakness shown across all the alts due to the dominance gaining strength, I expect Luna to have found its support in...
It looks like LUNA has been within a bull flag for a few days now. Hoping that this scenario will play out if BTC holds its position above ~44k.
It also looks like LUNA and ATOM are playing the same game but alternately. Last week it was ATOM's moment, it might be LUNA's moment this week.
I'm holding and Trading both.
As always an eye on this chart and another...
Remaining on the HLs/HHs structure but willing to see if it can get traction once again to break above current highs w/ new volume..
Still 170% from latest UCTS 2D Buy signal
Wait for better confirmation.
Showing strength over the last 48hs & after the ~30% pullback from the ATH
Volume trying to wake up as its ~160% up since latest UCTS 2D Buy signal
If manages to keep pushing/holding above ~63k, we may see new highs soon...
LUNABTC has broken out of its wedge pattern and is performing superbly against BTC - the trend is your friend. Expect LUNA to breakout of the bull flag to continue this trend higher.
LUNA has done better than its peers and has a lot of fundamentals behind it as it is a top 5 stablecoin with a DeFi ecosystem as well as many other projects being built on top of...