Terra Classic LUNC - More downside is coming! | Elliott wave

17 Sep 2022

• The bull party for LUNC is over, and now we need to regain strength again at lower levels!
  
• Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation. 
  
• Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales.
  
• Better to short it on the futures market to make some money or just stay away. That's my recommendation.
  
• I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss. 
  
• As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside.
  
• 0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend.
  
• I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below.
  
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