LUNA broke the $7.55 resistance on Friday with high volume (Bullish). It went on to create a new all time high of $8.95. There has been a healthy retrace since the new ATH was set. Volume has been decreasing with the price as well (Bullish). I will be looking to buy in the $7.60-$7.70 range. Using Fib extensions, it looks like the next fib resistance would be at the $11.50 range. Price discovery can be crazy in times like this. Keeping a close eye on this one, we could be in for a wild ride if price holds above $7.55.
@LinkCrypto, Wow great call. What do you think is next? I don't know how to read charts well, but reading up on the coin, the larger terra network, and real life use cases, I definitely see myself holding long term and staking.
ParCrypto
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@downwardspiral, Thank you very much! I think I am going to post an update on Terra tonight. It looks like it could be forming a continuation triangle right now. This could lead to prices between $14.00-$16.00. Waiting to see what BTC decides to do though! If price breaks $11.00, expect it to go to $10.50. If that support breaks, we could see the $8.50-$9.50 range!
As far as buying and holding long-term goes, from what I know about the project, it seems solid. There should be plenty more gains to come in this bull cycle :)