With the amazing LUNC rising Price action in recent weeks, it is only a matter of time before LUNA follows suit. Of course, I don’t think LUNA will get the same or better returns, but it seems reasonable to think that LUNA is undervalued against LUNC.
In the screenshot above, you can see that LUNA has lost quite a bit of value against LUNC. In my opinion, LUNA will regain some of its lost value against LUNC.
As for the graph, LUNA is finally out of one down channel pattern. With LUNC blown up, this might be the start of one upside for LUNA.
Targets are placed on the most recent peaks in blue.
LUNAUSDT by FieryTrading
– Technische Analysis – 2022-09-06 22:44:04 – Coinphony [SV]