LUNA building a launch pad
Updated
Here's my criteria for why:
1. Price has finally come to meet the 200 DEMA for LUNA where it is on a 8 hour buy streak.
2. I think a launchpad is being set up. We are only 1 hour into the most recent four hour candle.
3. I suspect that Friday morning at 7am EST which starts the new four hour candle will bring heavy volume and launch luna into orbit 25%.
4. It is now my belief that the V recovery was for real starting on Jan 30.
5. Right now the buy signal is being smothered by the RSI metric, which, if you check last (seen on chart here and in other areas.
6. MACD is not far below signal and both are on a trajectory up over zero with blue crossing red (bullish)
I have some other plays including a spot grid bot idea for the asset BNB. Check it out below.
Also check my Idea on BTC. Here's why:
1. BTC basically acts as an index for this whole asset class.
2. As BTC goes up other coins/alt coins go up with even more velocity.
3. LUNA is in my opinion the best layer 1 Ethereum option available. Maybe not from price spec, but from a crypto centric technical point of view. It is a solid product, not project, that is already been implemented and is scaling.
4. Since BTC acts like an index for crypto and I am predicting BTC makes a move towards 50k soon, before it goes under 40k again, (check links for idea) that assets like LUNA will have a blast off.
Call it a "mini alt season" if you will.
*disclaimer *this is what I am doing, if you do so, do it at your own risk I am not giving financial advice. This is very risky.*
1. Price has finally come to meet the 200 DEMA for LUNA where it is on a 8 hour buy streak.
2. I think a launchpad is being set up. We are only 1 hour into the most recent four hour candle.
3. I suspect that Friday morning at 7am EST which starts the new four hour candle will bring heavy volume and launch luna into orbit 25%.
4. It is now my belief that the V recovery was for real starting on Jan 30.
5. Right now the buy signal is being smothered by the RSI metric, which, if you check last (seen on chart here and in other areas.
6. MACD is not far below signal and both are on a trajectory up over zero with blue crossing red (bullish)
I have some other plays including a spot grid bot idea for the asset BNB. Check it out below.
Also check my Idea on BTC. Here's why:
1. BTC basically acts as an index for this whole asset class.
2. As BTC goes up other coins/alt coins go up with even more velocity.
3. LUNA is in my opinion the best layer 1 Ethereum option available. Maybe not from price spec, but from a crypto centric technical point of view. It is a solid product, not project, that is already been implemented and is scaling.
4. Since BTC acts like an index for crypto and I am predicting BTC makes a move towards 50k soon, before it goes under 40k again, (check links for idea) that assets like LUNA will have a blast off.
Call it a "mini alt season" if you will.
*disclaimer *this is what I am doing, if you do so, do it at your own risk I am not giving financial advice. This is very risky.*
Note
LUNA I still think can make it long run, however with the market dragging down I am not sure if it can buck the trend
Related publications
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.