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Fibonnaciprojection

Terra Luna price forecastHello. 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!
LLong
by andre_007
Monthly Long term forecast on GOLD !! Good day Traders !! Monthly : We have just Completed an "M" formation and we already started the new impulse to the downside. We expect the price to continue dropping. and we expect this impulse to be at least equal or more strong than the previous impulse. The corrective move tested all the levels of the FIB retracement and we started the new impulse after we broke below the historical support 1760 which is the neckline of the M formation. After the retest the price should drop up to the next demand zone. From an institutional perspective we have on Gold a massive drop of the Net position since we went from 280,000 Net position back in early January until 190,000 on the last report that was posted last Friday. Also during the last four report institutions have added a lot of short position and closed close to 50,000 Long position. This is a sign of the very bearish move that is expected. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
OANDA:XAUUSD
by TheDayzen
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