Here's a quick TA of Luna. I feel were going into a phase where we will be getting some nice crypto buying opportunities and I will be looking forward to catching some dips.
Komen
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Chart Update - Coming into the overall idea of pullback opportunity.
Komen
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MA Cross looming.
Komen
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Komen
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It's wild.
Komen
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Its coming...
Komen
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Well we got 54. Wicked into POI 1.
Komen
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Okay we got some expected corrective wicks from oversold levels after we hit our levels. Which price then targeted prior resistance before being held hostage by the MAs. Personally I see two possible targets for price to achieve if we keep below RSPs and structure remains bearish.
Komen
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Here we can see wick rejections off demand zone. I personally fill coming into the imbalance would be a reasonable new target. If this level decides to be either higher low OR the next lower high.
Komen
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Komen
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After seeing the move to my POIs 2. I feel were going to see some heavy action around this level since it was a prior accumulation level. We also have alot of depth nearing this area. Though structure is still bearish...
BTC and alts show upwards (wedge) from approx. 20 Feb (altseason?). Luna could finished H&S by this date (reaching $30). Which target would be to expect (and when approx.)? Do you think one of these coins could make more x: Rose, Avax, FTM? (I ask because for some coins like e.g. Rose the buy moment could be really now/ near (before BTC falls more, they can sit on a higher level)).
KKirito
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@drindrin, I'm back on the charts. It was my birthday weekend therefore I wasn't really trading. I will be looking to update all my TAs now. Personally I see the market coming into a consolidation phase. After a big correction I feel that is the best course of action for the market. We finally hit Target 2 for luna. I would personally still wait for structure but we are now around fire sale range. 30 is still on the cards.
FTM will be the winner in terms of long term growth. IMO. I personally have alot allocated within that blockchain.
Rose is showing signs of higher lows - around the base support so really - for value, I wouldn't be against people building positions.
Avax last I checked was still bearish. I wouldn't aim for buys till structure changes.
Impressive how you called that breakdown to 54!! What are you current thoughts on Luna? First it appeared like the symmetrical triangle would break to the downside which would give it a target of around 42 which also is your second POI. Right now it hold up quite well though. Thanks for your thread anyway :)
KKirito
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@macrango, Hey thank you I appreciate it! I was still waiting for further breakdowns. Adjusting for the over all move on the head and shoulders I did believe it was visible to see that POI 2. Currently, I am adjusting all my TAs. However, 30s maybe still on the cards but I wouldn't be against building positions when the market environment is consolidating after the correction. I feel when stocks find their feet this will also help the sentiment.
Right now I would look for fire-sales in Luna - just my opinion.
@Jasonduke, It was yesterday at any chart. I cannot find it anymore. But I found him just on tweeter. On discord I was unsuccessful. @KKirito, invitation?
drindrin
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@drindrin, Your FTM chart is missing on tradingview.
KKirito
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@drindrin, I got my post taken down because its against house rules. Ill attach my twitter to my profile. Go from there.