Terra Luna Price Prediction - After a sideways phase now an increase?

 In our last Terra Luna price prediction, we wrote that the price could rise by about 100% soon. The reason for the assumption was an inverted shoulder-head-shoulders formation that indicated a bullish trend reversal. As a result, the price failed to respect the head-and-shoulders formation and continued the sideways phase. But how could the Terra Luna course continue in the future? We'll enlighten you!

Terra Luna must decide! Up or down

Terra Luna token price has been forming support at $49.22 for the past few weeks. This support got the third touch on 02/18/2022 and is thus a confirmed support. Since it is common in sideways phases that price, in this case Terra Luna, targets resistance next after touching support, we assume that to be the case. We anticipate the price to test the $59.44 resistance next to continue the sideways phase.

ABC sequence still intact!

The Terra Luna course formed an ABC sequence right after the last crypto crash. This ABC sequence has already hit the first target and has subsequently corrected to the $49.22 support. Since the final goal of the ABC sequence is still open, we assume that we will still achieve it. Thus, the Terra Luna price could soon be around $65. There is the destination of the ABC sequence mentioned.

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