Sunday January 15th the waning gibbous Moon will be crossing the plane of the ecliptic moving north relative to the ecliptic. This is known as the ascending node, one of two intersections the Moon’s orbital path has with the ecliptic. The ecliptic is actually the Earth’s orbit and the Moon’s orbit is inclined about 6o from the ecliptic. So there are two node intersections, the ascending and descending nodes.
On January 15th the 16-day old waning gibbous Moon will come within about 1o from the star Regulus in Leo the Lion.
Does our Moon actually go around the Earth as many graphics show? From our perspective on the Earth the Moon appears to circle around the Earth. However, in reality, the Moon orbits the Sun together with the Earth*
Read this very informative article about the Earth-Moon system and their orbital motions, written by Joe Hanson. “Do We Orbit the Moon?”