It's that time of year again and bag holder season is in full swing, This appears to be in the process of making a final top or already have topped, I would be very cautious here as we may be heading into a very large correction.
hallo hallo everyone.
guys y'all see the elliott waves on the chart. the 5th wave is not finished yet . so there are 2 scenarios for our target :
1 - as you see , our first target is 55 $ , on 50% of Fibonacci extension .
2- if the price broke our first target and has more potential to go upper (which if it did , I'll update the idea) , it's a possibility that it...
Luna has taken a consistent uptrend, each breaking every resistance seen from a downtrend prior. This pattern shows the asset is yet ready to break new resistance level.
What is your opinion about LUNAUSD going bullish?
LUNA has been performing amazing! Up 500% since late July. Wave 3 looks nearly complete, there's an RSI bearish divergence. Watching the $35 area and if we break through, wave 4 possibilities between $25-$30.
IF wave 3 is complete, wave 5 will be longer
IF wave 3 is not complete, potentially back up to test $50 again
Amazing profits this year. It's past time to sell. It's time for the bears cycle everybody needs to take their profits and let it bleed. We will ride the train again next year. That's all I have to say. 💚💲
Lol will buy at funny pink lines, because me thinks it is very good to buy around then. This is just for me and some of my close friends. If you stumble across this and don't know who I am, please do not follow, since it is not advice. I am in no means certified to give advice, and I am making it clear: THIS IS NOT FINANCIAL ADVICE.
Pure timing aspect
From 1.382 up to the next level (1.618)
Sorry i got no pc here, so i charted with my phone
1.there is a resistance level on ~60$ because of fib level of another cycle which is not shown here
2.the price had a pullback on 1.382 so it will not touch it ever again (exception= very high shadow of a daily candel which is rare and price will recover...
The momentum is showing strength for LUNAUSD.
MACD is positive and 20EMA and 50EMA are both moving upwards and in parallel movement.
There is resistance at $49.50 and LUNAUSD must surpass this resistance to move upwards from this position.
I appreciate if you write in the comments all your questions and instruments which you would like me to see...