ðĨ LUNA Surfing On LUNC's Success: Bullish Channel Break Out
With LUNC's amazing bullish price action over the last couple of weeks, it's a matter of time before LUNA will follow. Naturally, I don't think that LUNA will have the same or better returns, but it seems logical to think that LUNA is undervalued against LUNC.
In the screenshot above you can see that LUNA has lost a tremendous amount of value against LUNC. In my view, LUNA will regain some of it's lost value against LUNC.
As for the chart, LUNA has finally broken out of a bearish channel pattern. With LUNC blasting off, this might be the start of a bullish trend for LUNA.
Targets are placed at recent tops in blue.
In the screenshot above you can see that LUNA has lost a tremendous amount of value against LUNC. In my view, LUNA will regain some of it's lost value against LUNC.
As for the chart, LUNA has finally broken out of a bearish channel pattern. With LUNC blasting off, this might be the start of a bullish trend for LUNA.
Targets are placed at recent tops in blue.
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