#LUNA 4H TECHNICAL ELLIOTT WAVE ANALYSIS
Luna / TetherUS BINANCE:LUNAUSDT
Given the formation of the ending pattern in the daily chart , we can expect LUNA uptrend to be over and we are developing corrective patterns.
Since the price drop from the price ceiling occurred in 5 waves, we can expect to move upwards in a three-wave zigzag .
The target of this small up move could be in the range of $ 100 to $ 111, after which we can expect the price to decline to the bottom of the orange channel, in the range of $ 55.
