Terra Luna price forecast
Hello.
The analysis of Terra Luna follows, looking at the graph against the Dollar and Bitcoin at the same time.
(I think it's a fantastic project with enormous potential to grow... its MarketCap is still smaller than that of ShitCoins like Dodge, Shiba and XRP, which doesn't make any sense...)
LUNA/USD
The price continues to respect the exponential moving averages of the maximum prices of the last 9 weeks (green), 21 (blue) and 50 (orange).
The average of 21 served as support twice holding a bear trap.
In addition, we have a long-term bearish ascending wedge.
I believe that sooner or later the price will break up and then down (considering the context of the LUNA/BTC chart).
This may take some time...I believe it's on the purple line on December 20th.
The price could reach up to U$70 in an optimistic scenario, and U$125 in a super optimistic scenario.
And in the end-of-the-world scenario, the drop would be up to US$23.
LUNA/BTC
Nowadays, it is difficult to analyze an asset only against the Dollar or any other inflationary state ShitCoin that only loses value.
Therefore, it is very prudent to analyze its real value in relation to Bitcoin.
So, in the graph against Bitcoin we also have an ascending wedge.
If the price follows the uptrend and hits the resistance line of the wedge, which coincides with the Fibonaci target at 78%, we will have a rally of between 50%~70%.
In a super optimistic scenario, we would have a rise of 150%.
When the buying force is exhausted, the price will break the wedge down.
Summary
Considering both charts, the scenario is optimistic, however there will be a certain period that it will be good to be aware of if there is a strong correction after the uptrend exhausts.
Good winds!
The analysis of Terra Luna follows, looking at the graph against the Dollar and Bitcoin at the same time.
(I think it's a fantastic project with enormous potential to grow... its MarketCap is still smaller than that of ShitCoins like Dodge, Shiba and XRP, which doesn't make any sense...)
LUNA/USD
The price continues to respect the exponential moving averages of the maximum prices of the last 9 weeks (green), 21 (blue) and 50 (orange).
The average of 21 served as support twice holding a bear trap.
In addition, we have a long-term bearish ascending wedge.
I believe that sooner or later the price will break up and then down (considering the context of the LUNA/BTC chart).
This may take some time...I believe it's on the purple line on December 20th.
The price could reach up to U$70 in an optimistic scenario, and U$125 in a super optimistic scenario.
And in the end-of-the-world scenario, the drop would be up to US$23.
LUNA/BTC
Nowadays, it is difficult to analyze an asset only against the Dollar or any other inflationary state ShitCoin that only loses value.
Therefore, it is very prudent to analyze its real value in relation to Bitcoin.
So, in the graph against Bitcoin we also have an ascending wedge.
If the price follows the uptrend and hits the resistance line of the wedge, which coincides with the Fibonaci target at 78%, we will have a rally of between 50%~70%.
In a super optimistic scenario, we would have a rise of 150%.
When the buying force is exhausted, the price will break the wedge down.
Summary
Considering both charts, the scenario is optimistic, however there will be a certain period that it will be good to be aware of if there is a strong correction after the uptrend exhausts.
Good winds!
To contribute to my work:
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
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⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
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