Luna
Updated
Previously Luna fell off the pitchfork we've been using for 1month plus now
If I could attribute it, I would pin it to the fact that the dApps on Luna were running slow on release, the UST and LUNA to be locked away for liquidty has not come yet. Luckily IBC went live and there is UST on Osmosis now, so we're awaiting capital rotation to ATOM and COSMOS for DeFi and UST there to really boom
As of now in this bull run, I'm still long.
We could reach $51 on 15Nov by grinding along the former support of the pitchfork. BTC dump to 56-58k might spoil the party but its semi Alt-season so who knows.
If Luna were to make a move,
1) breakout from ATH, and then consolidation around the ATH before claiming more levels along the pitchforks. Hopefully Mars, Ozone, Nebula and Levana will take us there
2) SEC being a prick or BTC damp lets us in on sub 37 entries once more before we retest ATH and form a cup and handle
Personally feeling (1) more due to bull market sentiment, continued UST minting which resulted in liq Luna supply burnt (0.91% daily?) and also price action for both weekly and daily closing nearing ATHs. Also!! The volume. Notice small volume buys easily negated bigger volume sells in the past 2 days.
LFG. COSMOSSSSSSSSS
If I could attribute it, I would pin it to the fact that the dApps on Luna were running slow on release, the UST and LUNA to be locked away for liquidty has not come yet. Luckily IBC went live and there is UST on Osmosis now, so we're awaiting capital rotation to ATOM and COSMOS for DeFi and UST there to really boom
As of now in this bull run, I'm still long.
We could reach $51 on 15Nov by grinding along the former support of the pitchfork. BTC dump to 56-58k might spoil the party but its semi Alt-season so who knows.
If Luna were to make a move,
1) breakout from ATH, and then consolidation around the ATH before claiming more levels along the pitchforks. Hopefully Mars, Ozone, Nebula and Levana will take us there
2) SEC being a prick or BTC damp lets us in on sub 37 entries once more before we retest ATH and form a cup and handle
Personally feeling (1) more due to bull market sentiment, continued UST minting which resulted in liq Luna supply burnt (0.91% daily?) and also price action for both weekly and daily closing nearing ATHs. Also!! The volume. Notice small volume buys easily negated bigger volume sells in the past 2 days.
LFG. COSMOSSSSSSSSS
Comment
FINALLY. Pierced 51.34 2.618 fib. Need 1 week of action over this levels, probably 2 retests before heading to 68 healthilyThank you UST adoption, grayscale trust for the move
Onward to Ozone to do its shit
Trade active
Reclaimed channel, bounced off nicely for nowBurning of Pre-col5 luna pool commences in 3 days. Determine your risk:reward before adding! I aped haha
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