When doing these charts, for the purpose of extracting trade-numbers, I plot two set of Fibonacci numbers, in this way I can have short-term and long-term targets.
In this case, #LUNCUSDT (Terra Classic), isn't showing much need for the short-term targets, the numbers on the right side. But some pairs have a first target that is high up so the short-term targets are needed. Let me explain.
The ATH potential for us is the 2.618 Fib. extension of the last market cycle. This would be around 0.001468 for $LUNC (~980% profits potential). The first target on this set of numbers would sit around 0.000257. When we look at the short-term set of numbers, we have 0.000154, 0.000178 and 0.000212 before reaching 0.000257. So we have several targets that can work for the short-term.
๐ Terra classic is strongly bullish now, it has been growing since August 2024. It moved above resistance recently and is likely to produce soon a major jump.
The targets are marked blue on the chart, including a new ATH.
I hope you find this information useful.
Thank you for reading.
Namaste๐