Thread by @i_am_jackis

Small thread on the current $LUNA TA

We have seen a nice retest of an old ATH confluent with a local range that led to a violent upside break

Currently, the price is retesting the old range, with #Col5 just around the corner, which makes it a good place to add to your bags

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We are also seeing two inside bars already on the Daily TF which adds a nice confluence.

A break to the upside could provide a nice cascading of the price

If you are not sure what inside bars are I recommend re-reading this thread



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There are currently two paths from here.

1) We either go straight up, do a small LTF pullback and continue with the upside before #Col5

2) We fake breakdown, possibly revisit old mid-range, and continue up

In any case, we shouldn't be going below 27$ anymore

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If we zoom in more, we can see a nice accumulation chop at HTF support going on in $LUNA

A break above & small retest would make it the last place to add cheaply before #TerraAutumn

Keeping it simple & expecting the price to start trending up again soon

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Another good reason why probabilities are lined up here for more upside from this LTF range is this nice correlation and price fractal with $AVAX

Very similar structure a move on $LUNA towards 41-42$ makes sense

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If you wanna read more about $LUNA, $UST, #Col5, $MIR, $ANC I highly recommend re-reading this big thread we made together with @h_bitcoiner



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If you wanna know how to stake your $LUNA and maximize the gains of holding it & receive many airdrops in the following months read this one.



7/9

Another great thread worth reading to understand $LUNA / $UST even more and why we expect way more upside in the #Terra ecosystem from @NicolasFlamelX



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Hope you liked this smaller thread/price update on $LUNA

If you did, please share it with all the #LUNAtics that might be getting nervous ahead of the #Col5 #columbus5 upgrade, and all the others that might be interested in getting into the #Terra ecosystem

Good luck🙌

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