#LUNA 4H TECHNICAL ELLIOTT WAVE ANALYSIS

Given the formation of the ending pattern in the daily chart, we can expect LUNA uptrend to be over and we are developing corrective patterns.
Since the price drop from the price ceiling occurred in 5 waves, we can expect to move upwards in a three-wave zigzag.
The target of this small up move could be in the range of $ 100 to $ 111, after which we can expect the price to decline to the bottom of the orange channel, in the range of $ 55.