LUNA is on the danger of major drop !

LUNA in most probable scenario has completed impulsive section of a wave cycle and currently is in the major correction.

Decline from ATH to around 75 USD stopped by reaching to 0.382 Retracement level of shown 12345 up going wave !. As I see, continuation of down trend to lower Fibonacci level is on the way. I tried to show the probability of drop by thickness of arrows. Thickest one is the most probable target and narrowest is the least. Like many others, LUNA will show a massive bull run after end of correction. ( See related ideas for details.)

Why I used ” MIGHT” on the title ? since there is a Best case scenario which is good news for bulls. There is possibility that LUNA is just correcting final move up from 43.44 to ATH. In this best scenario LUNA will never go below the labeled wave 4. Currently, I see this best case scenario as the least probable.

Hope this analysis to be useful. Thanks for the reading and wish you all the best.