Long LUNA Short Waves
UST market cap growth is relentless and the once fully algorithmic stable coin is now backed by 11B worth of BTC. For every UST minted, there is buy orders executed on LUNA tokens (research the tokenomics if you are not familiar). I expect LUNA could make it to a top #3 coin before eventually topping out in peak euphoria.
At the same time the WAVES project experienced a 262% rise in price this week. Likely because the founder is Ukrainian during this conflict.
Unfortunately for the price of this project, the Dapps and adoption of the chain are lackluster. If the Ukraine/Russia conflict resolves its price is likely to mean-revert back to $20 or lower.
The MACD, Stochastics and R:R on the trade are all favorable. One could wait for confirmation by using an moving average cross over but I prefer to enter the trade immediately.
At the same time the WAVES project experienced a 262% rise in price this week. Likely because the founder is Ukrainian during this conflict.
Unfortunately for the price of this project, the Dapps and adoption of the chain are lackluster. If the Ukraine/Russia conflict resolves its price is likely to mean-revert back to $20 or lower.
The MACD, Stochastics and R:R on the trade are all favorable. One could wait for confirmation by using an moving average cross over but I prefer to enter the trade immediately.
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