LUNYR (LUN) Analysis: Bullish, but keep an eye on Bitcoin Bear

in #bitcoin7 years ago

I couldn't find an earlier positioning for waves 1 and 2 (black) so placed them as you see in the chart. Thus, the peak of 3 is complete and wave 4 completed its abc (red) retracement. I've labeled the micro waves i,ii as the beginning signs of an impulsive trend turn. It's vital to make certain that all micro waves iii,iv and v are placed to get a decent confirmation of the turn up. If so, then LUN has higher highs to go perhaps to $30 or more.

The caveat to this is to keep a close eye on the Bitcoin Bear potential whic is due it's Wave IV correction. As I've written before, the Bitcoin moon moves the crypto tides.


If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36

Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Now this is something I was itching to buy. I really love the project.

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