LUNA ready for another MOONSHOT? :)

4 May 2022

Here we are analyzing the daily timeframe and currently it looks like we could be repeating a similar pattern from Jan 2022. During that time, we created a W pattern finding a low around $43 and candle body support around $47. Once we broke $60 (the neckline of our W pattern), we had almost a 100% rally to the upside!!! Current day, we are seeing the same sort of W pattern/double bottom formation with a low of around $75. If we can break the neckline of this pattern (around $98) we could see a move around 150ish-$200. We all know that once Luna starts to run it really likes to RUN! :). Another side note is we are holding critical support on our 1D RSI. Of course, our most important level is 30/oversold, but right now we are holding our 39/40 level which I have outlined how important that level is with (black arrows)! So far, we have gotten a nice bounce off of there.