LUNA to the moon?
Greetings traders! I have taken a look at LUNA and I must say, it's showing some great signs on the wave patterns, even though it feels like I am very late to the party. None the less, looking at the larger impulse, it looks to me like it's not done yet and there is more upside to come! Of course there are no guarantees, but I feel that being long and placing a stop under the lows around $26 can still yield a good trade. The danger here is that proposed wave 4 may extend further as what I have labelled as the next 1/2, may turn out to be part of the larger wave 4 and not the start of the next impulse. So a bit of patience is required! We may also see the good old BTC vortex begin to suck the life out of the alt space in the short term, but LUNA does look like a good bet at this stage. Happy trading!
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.