🦅 LUNA Wk of Oct 4
Updated
Lines on charts...
LUNA/USDT, 8hr 200EMA
So my last chart for Luna worked out pretty well. In fact, I think Do Kwon borrowed my path up for Luna's trajectory. ;)
LUNA has been in a solid channel up since the Col 5 upgrade. I'm still bullish but I think we're going to see a pullback soon, then a period of consolidation. Watch the 8hr/12EMA which it seems to be respecting at the moment. IF it breaks that or the lower channel, this will pull back maybe to the lower trend line or the 200EMA (possibly to $36) before the next real leg up continues...which it will do as more projects come online, UST gains adoption and LUNA burns.
Happy Uptober but remember there is almost always an October surprise.
Good luck!
LUNA/USDT, 8hr 200EMASo my last chart for Luna worked out pretty well. In fact, I think Do Kwon borrowed my path up for Luna's trajectory. ;)
LUNA has been in a solid channel up since the Col 5 upgrade. I'm still bullish but I think we're going to see a pullback soon, then a period of consolidation. Watch the 8hr/12EMA which it seems to be respecting at the moment. IF it breaks that or the lower channel, this will pull back maybe to the lower trend line or the 200EMA (possibly to $36) before the next real leg up continues...which it will do as more projects come online, UST gains adoption and LUNA burns.
Happy Uptober but remember there is almost always an October surprise.
Good luck!
Note
LUNA broke down and out of the channel, been on slow-bleed since. Mind your bags, peeps. See you again around $36-$37.Note
And we dipped into the 37 today. If this this little reversal holds it may be the start of the next leg up.
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