Long
LUNAUSD 50% Move ????
Looking at luna usd today. We could see a 50% move to the upside here.
It looks like we are in a channel. I have cloned the first impulse down arrow and it lines up exactly with the second impulse wave down so if we clone the corrective wave arrow up and place it at the bottom we can see it takes us to the top of the channel,
The first corrective wave up retraced to the 61.8% fib level of impulse wave one so if its going to follow the same pattern the 61.8% retracement of impulse wave two also lines up with the top of the channel.
If this plays out it should take around 7 days.
It looks like we are in a channel. I have cloned the first impulse down arrow and it lines up exactly with the second impulse wave down so if we clone the corrective wave arrow up and place it at the bottom we can see it takes us to the top of the channel,
The first corrective wave up retraced to the 61.8% fib level of impulse wave one so if its going to follow the same pattern the 61.8% retracement of impulse wave two also lines up with the top of the channel.
If this plays out it should take around 7 days.
Trade closed: target reached
id say thats close enough. 50% move !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.