Long
LUNAUSD Update for the next 3 months. Target $160.00.
My last Terra (LUNAUSD) analysis was in late February where I set a medium-term target of $130.00:
Even though the price "only" managed to scratch the $120 mark, that was good enough for those who bought into the rally and naturally the price dropped on heavy profit taking.
As you see the fractal comparison with the early 2021 Cycle played out fairly well. From September to November 2021, the fractal extended its rise through a steadier and more structured Channel Up formation. That pattern in a little more than 3 months reached the 1.5 Fibonacci extension.
That extension is currently a little above $160.00 and that is our target by mid Summer.
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Even though the price "only" managed to scratch the $120 mark, that was good enough for those who bought into the rally and naturally the price dropped on heavy profit taking.
As you see the fractal comparison with the early 2021 Cycle played out fairly well. From September to November 2021, the fractal extended its rise through a steadier and more structured Channel Up formation. That pattern in a little more than 3 months reached the 1.5 Fibonacci extension.
That extension is currently a little above $160.00 and that is our target by mid Summer.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.