Bitgolder

LUNC USDT Luna Classic BEWARE OF RISING WEDGE BREAK DOWN LIKELY

Short
Bitgolder Updated   
KUCOIN:LUNCUSDT   Terra Classic / Tether
Luna Classic has been losing steam and interest over these last few months. Its been in the rising wedge pattern which is typically a bearish pattern and a continuation of the downside. LUNC utility and security is just not there, the price was blowing up because of all the hype and thats all. Hype is dying down as well as the volume at an all time low. I hope for LUNC holder that this scenario will not happen but I believe that LUNC is about to fall off the map. If Bitcoin starts its parabolic rise there may be a small bounce in LUNC but it will be erased quickly and people will sell to get into other assets in the crypto market that actually have utility and security. LUNC died back when it went from $100 to under a penny. That was it, its never going to get to the targets people were saying, $1, $.10, $.01. The market cap is already way to high for what LUNC is. I used to believe the hype myself until I realized that this thing is dead. I took profits and put them into other projects that are actually working on utility and safety. I wish all LUNC holders the best of luck but the chart looks horrible and its about to break this rising wedge and tank to the downside. This is not financial advice this is just my opinion. Thank you
Comment:
Update: Move has played out as I predicted six months ago. I will be looking to buy in now at this low with buy orders down to .000075 and .000071 and .000068 just incase. Lunc is about to pop, just a bounce more than likely nothing massive but a 3x or so could happen fairly quickly. Not financial advice. Thank you
Comment:
And there it is folks it hit the exact low I said it would hit. I dont think theres a better time to get for me. Im glad I waited. Not financial advice.
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