Terra Luna price was able to make the last surge using 12345 Elliot waves. Now the course has initiated a correction and is already in the ABC correction. This correction could last until the golden pocket of the full up move. Based on this, we anticipate the Terra Luna price to drop to around $70 - $72.50. After that, the course could start again. In general, we currently feel that the crypto market is rather bearish. A current Bitcoin forecast can be found here (click here). There we gave a forecast for May 2022.
The Terra Luna course is still in the ABC sequence shown. The current correction is only a minor course correction and has almost no impact on the overall ABC sequence. Because of this, we continue to expect a Terra Luna price of around $200 in the future. The interim target of the ABC sequence is still around $150, which is why we expect a correction as soon as the price reaches this level. The next price advance could cause the price to rise to $150. The next minor uptrend could be started once the GoldenPocket is reached.
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