Terra vs Bitcoin Chart Analysis (LUNABTC #8)

Terra (LUNABTC) is another altcoin that has its own chart and cycle.

Terra is within the TOP15/20 Altcoins by market capitalization and this is why it gets to move before the "herd".

When we mention "Altcoins" we refer to all Altcoins minus the TOP15/20, because these can behave differently than the rest.

LUNABTC we can look at it as FTMUSDT.

If you read the FTMUSDT article you can see that this one is really bullish (click/tap here to see it).

So, not as bullish as Fantom but really, really strong and aiming for a nice-new high.

The recent correction could have been bad but everything is good now that prices are back above EMA10 (green) and EMA50 (magenta).

As long as LUNABTC stays above these levels, the very strong bullish bias remains.

How far up can it go?

The first resistance/target short-term is set at 0.0008489, followed up by 11,282 and finally 13,008 for the new All-Time High.

There can surely be more.

But we go step by step...

Depending on how this one evolves, let me know in the comments and I will share a new chart.

Namaste.

Comment:

This one went nicely.