LUNC about to go higher!Here's a quick Look at LUNC 1 hr chart. As we can see, the price has been forming a bull pennant and a break to the upside could be around the corner. If BTC goes south, then this setup won't be relevant.
The best entry would be when the price breaks above 0.0000255$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 0.0000255$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000265$
2. 0.000028$
3. 0.00003$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Lunaclassic
BNX : THE TIME BREAKOUTThis channel made to track the best possible breakouts of times.
But know that there is no guaranty we could get always the right breakouts. but we try and learn from data of other increase, on this to build a strong data what could support to see next breakouts.
BNX seems to have a high possibility to enter new breakout. Interesting to see or it will get above 135 usd level.
If it keep not confirmed above this level its not interesting for possible high chance breakout.
Trading with high risk is not trading.
There is 100% right into crypto. its all about high chances.
LUNCUSDT Channel Up since June. Pull-back or break-out?Terra Luna Classic (LUNCUSDT) has been trading within a Channel Up since the June 09 Low and at the moment it is very close to its top (Higher Highs trend-line). Technically and with the 4H RSI overbought on the same level as June 27, it is very likely to have a pull-back towards first the 4H MA50 (blue trend-line) and then the 4H MA200 (orange trend-line) before settling near its bottom (Higher Lows trend-line).
A closing above the Higher Highs trend-line though, can see a sharp bullish break-out to the 1.5 Fibonacci extension level.
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LUNA Classic: Head & Shoulders Bearish BAMM at the .618 RetraceLUNC has made a 61.8% Retrace from the High to Low and is now formed a Bearish Potential Bead and Shoulders Pattern, If it breaks the Validation Line the pattern will be confirmed and we will likely see it Go for the BAMM Targets of a Bullish Bat which would be the 88.6% Retrace below.
LunC UpdateFollowing my last post; I was waiting for a short term pull back. That time frame has now been fulfilled and there is now a viable ABCDE wave 2 retrace. This of course will only be confirmed with a break up and out of the top trend line. This is not guaranteed. The triangle is a symmetrical set-up which means market indecision. It is neutral and has a 50% chance of breaking up or down. I am personally leaning bullish until a confirmed break down, however.
LunC Short term Pull backLooks like a 5-wave minor 1 has been completed. Probably a "sell the news" event due to staking being re-activated. Expect a pullback now for a week or 2 before the next leg is kicked off by the on-chain burn tax news.
(I was unsure of the actual wave 2 minor ending which is why I have marked out the 2 possible end points - not that it matters or affects the count. Purely pedanticism.)
IMHO
Wave B = 85.4% of wave A,
Wave C = 61.8%, 100%, or 123.6% of wave A,
If wave C > 161.8% of wave A ----> Target = $ 0.256
Luna Classic Low Volatility Break outLow Volatility leading to a strong break out in the first situation
We are now experiencing low volatility on a larger scale
Waiting for break out
Ending Diagonal
As shown in figure, the ending diagonal is a subdivision of wave C in a zigzag. the trend at this point is unmistakable.
I still stand by my old target $ 0.1 ($ 0.2)
Luna classic descending triangle targetThe following is a luna classic update, I expect the coin to fall to that given level 7700 crossing the yellow resistance above1100 would be a bullish scenario.
INVERSE HEAD AND SHOULDERS, POTENTIAL 24% PUMP !!Check out htis bullish reversal pattern on luna classic broken out of the neckline as well !!
LuncUsdt 15MinHello friends ,
It seems to be a classic pattern formed in the 15-minute time frame.
It will break in any direction, it will go in the same direction...
Of course, this is just a simple analysis, maybe I'm wrong...
Luna Classic 🌓 🌔 🌕 Hello Traders,
today I would like to analyze Luna Classic by plotting Fibonacci's Logarithmic Golden Spiral on the chart to identify on a daily timeframe what might be medium-term price targets.
❓First, what is the fibonacci spiral? ❓
I love to use this quote when I talk about it :
"The golden spiral is a pattern created based on the concept of the golden ratio—a universal law that represents the “ideal” in all forms of life and matter. In fact, it’s often cited as an example of the connection between the laws of mathematics and the structure of living things. The more we understand the math behind the symbol, the more we’ll appreciate its appearances in nature and arts. "
🔴Target levels are marked in red by the horizontal lines on the chart while support levels are marked in green.
🔴Also I would like to add that the vote passed on the burn transaction tax mechanism on Luna which means that each transaction will add a 1.2 % tax and the amount taxed will be burned to lower the total supply; this mechanism will allow Luna to burn up to 10 B ( at this amount will stop ) in about 800-1200 days based on an average previous 24H volume.
🔴 Interesting is the data on Binance which is accumulating Luna ( seems they hold 40-46 % of total supply currently )
🔴 Summarizing the targets/resistances in order :
➡️ 0.00022
➡️ 0.00024
➡️ 0.00029
➡️ 0.00037
➡️ 0.00050
➡️ 0.00070
➡️ 0.0010
❌ Some financial stats according to CMC ❌
❇️ Market Cap
$861,201,854
❇️ Fully Diluted Market Cap
$910,907,485
❇️ Volume 24h
$466,631,760
❇️ Circulating Supply
6,556.67B LUNC
❇️ Total Supply
6,906,229,037,364
Before investing or buying DYOR
LuncUsdtHello friends ,
I think the trend line is broken.
To trade, observe the loss limit...
Good luck...
LuncUsdt 4HHello friends ,
I did not pay attention to the higher time frames in the previous post.
According to the classic pattern formed in the 4-hour time frame, we can expect the price to increase, so I suggest buying.
Even in the half-hour time frame, it seems bullish at this moment.
Observe the loss limit.
Good luck...
What's next? 🔝 Finger cross: ATH 🔜? So we did bottom, and left the ground and rocket higher, we now have this trend we can trust because of the higgher highs and highers lows, we should expect some kind of a pullback, before we continue to trade higher.
I will watch the levels of support to see if we can hold it:
0,00010500, 0,000095000, 0,000085000 I will get worried if we break down the 0,000085000.
For resistance i will look, and see how it react within:
0,00012500, 0,00013500,0,00014000.
Little momentum target 0,00008So finally some little momentum here, my first target is 0,00008, to see how it will react.
LONG LUNAC GOING TO REVIVEThe bearish trend is ending we have to way rang or up trend in my opinion we have about 80%b
LUNA is going to drop a lot, where to find a bottom?LUNA is going to drop a lot, where to find a bottom?
LUNC/USD Daily TA BearishLUNC/USD Daily bearish. *The case for a LUNA or LUNC recovery is getting weaker every time more questions are asked. The SEC is in the process of investigating the issuance of synthetic securities through Mirror Protocol and are now investigating Anchor Protocol (the UST depeg crash). FatManTerra from the Terra Research Forum followed the money and claims that even though TFL says LUNA (2.0) is 100% community owned, they still own 42m LUNA . And former Terraform Labs employees are now saying that Do Kwon either sold (or sent to a private wallet) $80m of LUNA a month leading up to the hack . Recommended ratio: 0.5% LUNA, 99.5% Cash. Price continues to trend sideways below $0.0001 as negative news just continues to pile on Do Kwon and LUNA/ LUNC. Volume remains High (low) and fairly balanced between buyers and sellers, indicating that interest is still there. Parabolic SAR flips bearish at $0.06, this margin is neutral at the moment. RSI has been flatlining at 14.25 for 30 consecutive sessions now. Stochastic is currently crossing over bullish at 84, the next resistance is max top. MACD remains bullish and is currently trending up slightly at -6.51; it is still technically testing -8.46. MACD is currently trending up slightly at 73.57 as Price continues to trend sideways below half a cent, this is bearish. If Price is able to break out above $0.001 then the next likely target is going to be a test of $0.01. However, if Price continues breaking down then it will likely fall closer to 0. Mental Stop Loss: (two consecutive closes above) $0.0001.
Terra Classic LUNC short Entry Range, Take Profits and Stop LossLUNC/USDT short
Entry Range: $0.00007220 - 0.00007920
Take Profit 1: $0.00006500
Take Profit 2: $0.00005600
Take Profit 3: $0.00004550
Stop Loss: $8841
112% move up, and bull flag incLet's wait and see if we can break the trend, and get above over 0001000
