Almost a month ago I made an analysis on LUNA. At the time, LUNA was worth half of the current valuation.
The main target back then was $36, based on the 1.618 Fibonacci extension.
Today marks one of the biggest daily gains for LUNA in recent history. Not only did it blast through $36, but the $40 resistance as been hit as well. Now it remains to see whether we can keep the momentum or that LUNA needs to cool off a little. Huge day nevertheless!
My next target is placed at $50. In the right market conditions, I think that LUNA can reach over $100 this bull-cycle, potentially even higher.
Happy trading!
The main target back then was $36, based on the 1.618 Fibonacci extension.
Today marks one of the biggest daily gains for LUNA in recent history. Not only did it blast through $36, but the $40 resistance as been hit as well. Now it remains to see whether we can keep the momentum or that LUNA needs to cool off a little. Huge day nevertheless!
My next target is placed at $50. In the right market conditions, I think that LUNA can reach over $100 this bull-cycle, potentially even higher.
Happy trading!
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