
LloydLewis21Jan 3, 2022
The $LUNA Narrative Is Game Changing And The Data Suggests This Is Holding Up True 📈🙏🏻🆙

- Aggressive Price Action If The Bounce From The 21 Day MA Is The Most Recent Higher Low?
- Fib 1.618 Suggests A First Probable Target In the $120 Price Range💥
- Piercing Pattern On The Daily Chart Above⬆️ Image Below ⬇️Explains Piercing Pattern✅


- The Golden Pocket Area 🌟Is Around The 0.618 Where A Reversal Has Increased Probability Of Occurring⬆️
- A Bounce From the 0.382 Fib Area Suggests A More Aggressive Bounce💥⬆️

- BBWP Has Retracted Once Again On The Daily In the $80-$95 Region. When This Goes To The Upside Next, Another Indication Of Strong Upwards Price Action?💥⬆️

Where Will The Short Term Bull Case Be Invalidated?⬆️
- A Daily Candle Closure Below $84 Would Indicated Further Downside Price Action❌
- The Golden Pocket Area Is Around The $70 Price Region 🌟
- The Golden Pocket Region🌟 Would Also Coincide With The 55 Day MA Where Price Action Often Bounces From As Both Support And Resistance📈✅
- Apply Elliot Wave Theory📉 To This Downwards Move On The Daily And This Also Supports The Argument Of A Higher Low Being Set At $70
To Conclude:
I Predict Price Action Beyond $120 In The Short Term If Price Has Reversed From The Fib 0.382 (AGGRESSIVE). If That Idea Fails Then It’s A Pretty Quick Trip To $70 And In My Opinion That Is A Worst Case Higher Low If That Scenario Comes To Fruition.”
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