Revised count for LUNC/USDT for HUOBI:LUNCUSDT by Spocks-Beard

chartpattern waveanalysis elliottwaves lunc usdt wave

I knew the break was coming but needed it to make its move before I made mine, because i needed something to work with , this count feels much better than the previous count i did on busd, The fact that there was no alteration on the 2 and 4 waves on my previous count has been nagging me for weeks, so I now believe this is the correct count

Comment:

i should have spotted it earlier but i had tunnel vision on the busd chart which doesn't have the data from the crash, My bad

Comment:

technically that sfp nullified the count that i posted we cant have the 4 crashing the top of the 1 like that, but these are exchange specific harts and in my mind that was an early whale that misjudged the market sentiment and dumped , so i gave it the benefit, but when i look now it didnt just put a whisker down there, it went deep.

Comment:

just a heads up, that there COULD e a Z wave still to come, so wait for a solid break out if you're not in already

Comment:

I think we are just waiting for this to realize its going nowhere

Comment:

time to climb aboard i think

Comment:

Could be a "sell the news" trade in terms of staking going live around the 26th, for the minor 3 of macro 1 wave top

Comment:

bit more detail

Comment:

Looks like the validators have got to the critical 66% mark, - Get ready !! =0)

Comment:

just a quick update,the 5 should be around there, but look out for an X wave above the high,

Comment:

Just noticed my 3 wave was from an old idea, my bad

Comment:

first target hit

Comment:

somewhere there maybe, and a stop limit buy just above the high in case it turns around

Comment:

went further than expected there, so i believe we could be looking at something like this, maybe right up to when burn tax is implemented on the 12th, sell the news maybe, im not gonna try and swing this now until we have a solid 5 wave structure in,

Comment:

still feels like we are into this atm

Comment:

broke up from that so this is my next best guess

Comment:

yep, that felt like a top, hopefully we get a decent retrace now and back in

Comment:

I'm thinking that final pump could of been an X wave, cos there's good fib confluence on the wave tops for this count

Comment:

still looks good for a re-entry around 0.00020 ish - ustc is probably a buy now and a sell when lunc bottoms as a lot of the profit people are making looks like its being funneled there

Comment:

somewhere there i think for ustc

Comment:

best guess at the moment,

Comment:

this area is starting to look good, just a 1-1 on the A and C of the Y wave and a small correction from the top of the 5 of the major 1

Comment:

feels like the most obvious/ most simple resolution

Comment:

so the full count up from the floor would be this

Comment:

so this should be the final count for this corrective Y wave

Comment:

maybe a short lived fear wick down a bit lower , by those who are visited by the purple wojak of catastrophic losses =0)

Comment:

so here's trhe problem

Comment:

if it cant break above the line then weve got a head and shoulders here, and the volume profile fits, so while we all thought we were playing an impulsive waver- it could in fact be an A-A-C corrective move off of that first top- break out the stop loss orders

Comment:

could be it now, looks like we got an abc up on bearish rsi div and now a 1-2 down

Comment:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.