TERRA LUNA - Update: 1000% Move In Progress, Triangle Broke UP!

May 16, 2022

This is an update to my previous analysis, go check it out from yesterday. LUNA has broken to the upside of the symmetrical triangle, and is now testing the top trend line of the triangle after the break as support, like I predicted yesterday. Volatility is expanding and a big quick move is under way. A technical measured move is shown by measuring the top of the beginning of the triangle to the bottom of the beginning of the triangle with a close to 1000% gain, as I show in the chart. My target yesterday was about .003, which was a little bit of an overshoot possibly. I believe that at least .002 will be hit from here and perhaps a blowoff of .0025 to .003 is possible with all this volume. Many people are also buying LUNA now and holding in hopes of getting rich which will drive the price up more. We should see this move completed by tomorrow afternoon or evening before coming back down and testing around .00028ish at that point we will revisit and see what LUNA is up to.

Im selling at .002, .0025, .0027, .0028, .0029, .003, and I have one sell order in for .0035 for that potential blowoff.

Thank you for checking out my chart, please leave a comment below and let me know what you think. Follow me for more updates. This is not financial trading advice just my opinion. Good luck out there!