I predicted in my previous analysis that Luna in May is bearish and this is happening. I believe we had our first mark down and now price will consolidate at the support of the longterm rising channel. I am imagining that there will be another mark down at the end of May. The next markdown will be a breakdown from the longterm rising channel, which will spell further fall in Luna's price.
BTC will be in a downturn until around September. Alts will suffer greatly and probably past September.
BTC will be in a downturn until around September. Alts will suffer greatly and probably past September.
Note
Target hit unexpectedly quickly.Note
Final target hit of 3.618, since I believe that the bottom is in September, absolute destruction is coming to crypto, hopefully I am wrong.Note
"since I believe that the bottom is in September, absolute destruction is coming to crypto, hopefully I am wrong." prophetic words.
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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.