LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great!
Also, you can enter a short position on the futures market to profit from this upcoming move to the downside.
This chart is definitely not bullish. I see a big bearish downtrend that is in progress.
The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit.
According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside.
My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC.
In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower.
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