Terra Classic LUNC - Last wave before a dump! | Elliott Wave
- LUNC is now a very hot altcoin, but it looks like the uptrend will end very soon.
- If you want to buy LUNC, then wait for a pullback, at least to the start of wave 4.
- As per my Elliott Wave analysis, this huge impulse wave is pretty much done because we are in the last fifth sub-wave.
- As you can see on the chart, wave 2 was a triangle. You may say that wave 2 cannot be a triangle because it's on the public internet as a rule. But this information is incorrect. Wave 2 can be a triangle, wave 3 can be an impulsive diagonal, and sometimes wave 3 can be the shortest wave, believe it or not.
- I think LUNC will go much higher, but first we should have a correction that can last a few weeks or months.
- Elliott Wave theory is a very powerful technique when volatility is high. On the other side, when the market is going sideways, it's losing its power.
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We are in the final wave. I expect a massive dump very soon.
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We have a rising wedge pattern, to it's loosing steam.
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The bull party is over, guys. It will go much lower. I made a quick short trade for 17% profit without leverage, and I am shorting BTC dominance (BTCDOMUSDT) in the next few days/weeks.
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New LUNC analysis. Very important!
