Going to reiterate, I’m mega bullish Luna, but unfortunately so is literally EVERYONE that owns it, which can quickly lead to a lack of capital flowing in to the asset since everyone has been packing their bags as full as possible for the past few months.

Look at the related idea for my overall price forecast going forward. I think we’ve got a ride down followed by a grind up before blastoff.

As for today, we’re seeing a repeat of the same pattern twice. Bearish triangle, fakeout breakout on the 5th wave before continuation of the trend down.

I think the price is going to dance around in the second yellow box before we move to $85 fairly quickly.

I sometimes post ideas to twitter and not in full form here, so if you like the info please give me a follow https://twitter.com/Doctor_DeFi_