Updated

Terra (LUNA) Hypothesis!

Could it happen? Like this!

This is not an analysis. Its just a painting. I myself do not trade this.

But if it happens, even something a little like this, even then it's not something to brag about.

Since it is not clear in which direction BTC wants to go, I decided to share this painting with you. :)

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So, many things have changed since the last LUNA analysis including LUNA itself. Now enough price candles are made to guess if there is any pattern; it seems LUNA is making a big flag pattern. If true, we should expect some big moves. Let's see what happens.

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The big flag pattern is still valid and price currently moving at the bottom. Have to wait for the price to break the greyish downtrend line. Let's see what happens.

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With some indulgence, we can say the flag pattern is still valid, but not a beautiful flag :) On the other hand, there is a very good chance of a pattern emerging that can result in a somewhat sharp movement. Please, don't FOMO. Let's see what happens.

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It seems LUNA is trying to break the first downtrend line. If successful, it might be a start to an uptrend wave for both LUNA and LUNC. Let's see what happens.

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Now it's time for LUNA to start an upward impulse wave (along with LUNC). Let's see if Luna can break the horizontal resistance area; if successful, will go toward the blue major downtrend line.

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LUNA is really trying to break upward. Going toward the major downtrend line (the blue line). Let's see what happens.

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Nicely done. LUNA broke the minor horizontal resistance and then made a pullback. Let's see how the next wave unfolds.

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LUNA reached the next resistance zone; a horizontal area and the major downtrend line. Let's see when LUNS breaks these.

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So, LUNA couldn't break the resistance zone; came down and made a pullback on the broken minor resistance line. It seems LUNA has started another upward wave. Let's see if this time LUNA can break this resistance zone.

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LUNA's correction wave is unfolding in a descending channel.

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Just an update. LUNA broke the descending wedge pattern.

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So, LUNA went up and now trying to break the major downtrend line. If successful, LUNA and LUNC can further rise; even pump. Let's see what happens.

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Wow, it is going to be interesting for LUNA and LUNC! Let's see how high they can go.

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So, LUNA couldn't break the horizontal resistance area, and made a pullback on the broken downtrend line. It seems LUNA is going toward the resistance area in order to try breaking it. Let's see if LUNA is successful this time.

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So, LUNA couldn't break the horizontal resistance area, again. Then LUNA went into correction and descended to the major horizontal area once broke before. Let's see what happens.

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So, LUNA been oscillating in a triangle pattern (comprised of the blue downtrend line and the gray horizontal resistance area). It seems LUNA is trying to break this pattern upward; if successful, an upward wave with the upper horizontal area as the target will start. Let's see what happens.

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So, LUNA went down much more and made a new lowest low. There are many factors in play; just now, LUNA broke the minor downtrend line. But, the two important ones are the major downtrend line (the blue one), and the major horizontal resistance area. These are the ones LUNA have to break. Let's see what happens.

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VIP Telegram channel: t.me/saeedcrypto_public

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If LUNA breaks the big triangle's upper line, how high can it go?
Drop your answer in the comments.

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Get ready!

SaeedSalehinia

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SaeedSalehinia