Terra / TetherLong
Huge Up Potential of >2000% for Luna
https://www.tradingview.com/x/3Hpk6VPz/
Hi, I think there might be a huge up potential for LUNA/USD.
We might be at the end of Wave 2 (yellow) with the beginning of a potential intermediate wave 3 (yellow) of primary wave 3 (orange) which leads me to a potential up of +2500%!
How do I make up such dubious targets? Well, if we take a look at the primary wave 1 (orange), we can see, that it consists of 5 intermediate waves (yellow). If we try to project the target of wave 5 (yellow) starting from wave 1 (yellow). We get the factor of 38. If we now apply the factor 38 on the intermediate wave 1 (yellow) of the primary wave 3 (orange) we get the target of 1012 USD. Furthermore, it would perfectly fit into the pitchfork.
If you want to trade this, do it with a really small position, as there ist a potential drawdown of 40% before this count becomes invalid.
When it comes to crypto we get really big numbers for target projection. If Luna would hit the target, Luna would have 1/3 of the current market capitalisation of bitcoin.
All measurements were made in logscale.
What do you think of this count and the target?
Hi, I think there might be a huge up potential for LUNA/USD.
We might be at the end of Wave 2 (yellow) with the beginning of a potential intermediate wave 3 (yellow) of primary wave 3 (orange) which leads me to a potential up of +2500%!
How do I make up such dubious targets? Well, if we take a look at the primary wave 1 (orange), we can see, that it consists of 5 intermediate waves (yellow). If we try to project the target of wave 5 (yellow) starting from wave 1 (yellow). We get the factor of 38. If we now apply the factor 38 on the intermediate wave 1 (yellow) of the primary wave 3 (orange) we get the target of 1012 USD. Furthermore, it would perfectly fit into the pitchfork.
If you want to trade this, do it with a really small position, as there ist a potential drawdown of 40% before this count becomes invalid.
When it comes to crypto we get really big numbers for target projection. If Luna would hit the target, Luna would have 1/3 of the current market capitalisation of bitcoin.
All measurements were made in logscale.
What do you think of this count and the target?
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