aoguang7777

Lunyr: Patience is key - launchpad formation well under way

aoguang7777 Updated   
BINANCE:LUNBTC   None
Can see that Lunyr is now oversold on the 1/6/12hr charts, it is possible to still go as low as 14~, I will be placing orders from 14.4 down to 14.0 to take advantage of the situation, although I can't really say when specifically it will turn upwards and it may look like the price is going nowhere, Lunyr is clearly becoming extremely oversold on the longer time scales indicating an equivalent long term reversal - like I said earlier, the launchpad undergoes "formation", the drop to current price can be seen as that launchpad. Also keep in mind is the launchpad is not "formed" until we see wt cross exit the oversold zone again.
Comment:
update:

from luneth chart i think its possible (50/50) to spike down to .016~ which may coincide with a previous low on lunbtc .0013 - just something to be aware of
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