LunC Short term Pull back
Atualizado
Looks like a 5-wave minor 1 has been completed. Probably a "sell the news" event due to staking being re-activated. Expect a pullback now for a week or 2 before the next leg is kicked off by the on-chain burn tax news.
(I was unsure of the actual wave 2 minor ending which is why I have marked out the 2 possible end points - not that it matters or affects the count. Purely pedanticism.)
(I was unsure of the actual wave 2 minor ending which is why I have marked out the 2 possible end points - not that it matters or affects the count. Purely pedanticism.)
Nota
Looks like we are finishing up an elongated B wave. Ready for the C.Nota
lunC still has a close relationship with USTC.Looking at USTC it has done a simple abc correction. LunC could also have finished a high retracing (bullish) abcde. I will be sceptical until it breaks the 1.0 line again and continues up however. Either waiting for the .618 area to start averaging back in or the 1.0 break out to rebuy.
USTC:
Nota
The price action still needs to break out the 'flag' set up but it looks like it could have done an abcde. I'll be more bullish providing a break out of the symmetrical triangle (which isn't guaranteed at this point!):
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.