My play for LUNA. I expect one last leg up. Depending on market conditions we may stop at the upper res however I am hopeful for a move up to complete pattern.
Inverted chart showing Wyckoff completion and expected move up. Test range lows to complete and then there's significant resistance on the way up. If we lose range lows, expected bottom is previous ATH and we would enter a new phase of mini cycles vs historic patterns.
Still learning and relatively new to TA. Any advice welcome!
ONT is running in a very nice channel. Expect it to soon hit the orange demand area and break out of the channel and leg up.
This should align with BTC moving up. As always though, all eyes on BTC for next moves.
Tech stocks have taken a hit after a major run up and earnings releases.
As we approach the 200D MA it's a key indicator historically of big price movement. What does this mean for us?
We'll likely see a big dip in tech stocks whereby they correct in order to give way to another price run up.
These movements take course over a significant period of time.
Price...
Bears are in control and price movement indicates we move to 42K mark with maybe one more bounce upwards before. If we lose this we'll likely test around 38K on the 200D MA.
Short term we're short.
Long term we're mega long.
