11/5 LUNAUSDT - Long TermSince Luna has built a domino effect with UST causing a massive dump and reached 12.63 which is way over my expectation in previous idea in private (24$).
We shall see the next reasonable support would be 11.65, 8.44, 3.91 & 2.63
I would recommend to wait until the bottom has formed and bounced to get in during the halfway of pump. Not suggest to open short or long in this moment.
LUNAUSDT.PS trade ideas
LUNA ready to blast through trend resistance! >.< moon time? seems like we are finally breaking the downtrend resistance, a parabolic rally should follow!
my short term price targets are .4389-.8629-1.3869, there's potential for 1000%+ in returns here :o
please don't forget to like and follow if you enjoy my analysis <3 thanks!
LUNA - A Big Crypto ShortLUNA has been a real high flyer in post BTC dump recovery, however traits tend to continue and I suspect price will be especially weak to the downside in a BTC capitulation just as it was before.
1.382 fib has been tagged and this isn't the strongest fib, there is a small risk this could run to 1.618, but there are bearish divergences on multiple timeframes including this heavy divergence on the weekly and price appears to be slowly rolling over.
This is also in consideration of a very weak looking BTC + weak looking stock market stock market.
Could be a good one if ducks align. 🦆🦆🦆
Not advice.
Why you should buy $1 of Lunahello everyone,
over the past few days we've seen price get demolished, almost to zero...... although this is a very bad situation we could still make money off this.....
we could make up to 20,000 dollars just investing 1 dollar into luna... you get around 200 coins at the current price for $1 and if price does end up going back to 100 your investment could turn into 20000.
this is a very good trade since its risk free, if it goes to zero and dies off you only lose $1 but if the project gets funding and goes back up you could make over 20,000
LUNA: A Tale For The AgesNo analysis here, just sharing this so everyone can appreciate it as much as I do.
For anyone who lost in this terrible situation, it is an awful thing to happen.
My thoughts are with the ones who lost much more than they could actually afford.
Bad times come but they don't last.
There is always light at the end of the tunnel.
Stay focused and learn from this.
And most of all; Don't be someone like Do Kwon.
100$☑️ LUNA BUY ZONES - WAVE 5 TARGETSIn our last Luna analysis we predicted the rise up to $100 as our target using the first wave extension theory as the foundation of our ide as seen below
Today we will be talking about our buy zones inorder to be ready to ride the 5th wave.
As you can see from our fib retracement tool, We are currently trading above the 0.236 region drawn from the end of wave 2 to end of wave 3, however trading below support.
Next area of interest will be the next available support @$38 region, touted as our last line of defense for continuation in the case of volatility in our original analysis. 0.382 Region is now our last line of defense, I personally don't see it going below the 0.382 region as it aligns with the bottom of our rising wedge pattern which looks scary btw. You can try your luck with orders at the 0.5 region but i don't see that happening.
Take profit zone is at the $150-157 region, with our main target withing the Red Zone to complete wave 5.
If you agree, pls leave a like and share your thoughts in the comments.
Make sure to manage your risks.
WHY YOU SHOULD BUY LUNA!!!!!Luna has a possibility of recovery. Heres my pro and cons list that weigh(ed) my decision
pros
1)still has media attention
2) luna was a big cap with lots of retail interest
3))it is very unlikely for the deviations of price action of luna to happen expecting mean reversion to play its part a little too.
4) a 50 dollar investment would mean 1000 dollars gained a terra dollar for each dollar. LUNA would atleast hit 20-30 if a rally hits.
5)Its starting to curve and find a bottom as well as the bands are squeezing rn.
6) a pump is easy- as the exchanges and whales will start overcharging if able to. Happens with Maker(MKR) all the time
cons
1) ust is ruining its value
2 sometimes we do not see the cons and something unknown happens.
LUNA, Whats your thoughts?I'm confident on this (Might time to get back up or it might bang, depends on who's behind it and their intentions)
Lets see how it plays but this for me especially with the higher timeframe crab there completed, liquidity swiped/along with the inefficient price action/ the recession and all the fear in the market at the moment seems a perfect time for a manipulated reset.. I'm in all the way here!
Lets goo!
Potential Reward Far-out weighs the risk for me!
Luna to 5$ soonTerraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin
In a race to remove all bad debt from the Terra ecosystem, Terraform Labs is pulling out all the steps with three emergency actions.
to protect the project from a governance attack.
With a current market capitalization of roughly $143 million, there is not nearly enough liquidity in LUNA to support Terra’s mint-and-burn mechanism and bring UST’s market cap of $7.2 billion back to parity (or below).
Thus the Terraform team is suggesting destroying the UST without swapping it for LUNA.
LUNA acts as an arbitrage cushion for UST to help keep its dollar peg. Investors can always swap one UST for $1 of LUNA and vice versa. If UST falls below $1, investors can buy the discounted token, swap it for $1 in LUNA and then sell the newly-minted LUNA on the market for a profit. Each time this swap is made, the sold-token is burned (crypto speak for destroyed).
First, Terraform Labs suggests burning roughly 1 billion UST in the project’s community pool. The community pool is a special fund designated for funding different projects built on top of the Terra blockchain. Any community member can create a governance proposal to spend the tokens in the community pool.
The current circulating supply of UST is 12.12 billion, according to data from CoinMarketCap. By burning the tokens from this pool, the move would reduce the supply by roughly 8.05%.
The second measure seeks to bridge back 371 million UST from Ethereum to Terra and burn that as well. This would reduce the UST supply by another 3%.
In total, the first two emergency measures would reduce UST’s circulating supply by just over 11%.
“TFL (Terraform Labs) is currently exploring the best avenue to burn the remainder of its UST holdings,” tweeted Terraform Labs. “Much of which has been accrued in recent days to absorb the sell-offs of UST in various open markets.”
News
DeFi
Terraform Labs Launches 3 Emergency Actions to Save LUNA, UST Stablecoin
In a race to remove all bad debt from the Terra ecosystem, Terraform Labs is pulling out all the steps with three emergency actions.
Sujith Somraaj
By Sujith Somraaj
May 12, 2022
3 min read
LUNA is the native cryptocurrency of the Terra blockchain. Image: Shutterstock
LUNA is the native cryptocurrency of the Terra blockchain. Image: Shutterstock
On Thursday, Terraform Labs, the team behind the Terra ecosystem, outlined three emergency measures aimed at saving LUNA and its native stablecoin UST from collapse.
The three measures include burning the remaining UST in the community pool, burning any UST that still exists on Ethereum, and staking $240 million LUNA to protect the project from a governance attack.
With a current market capitalization of roughly $143 million, there is not nearly enough liquidity in LUNA to support Terra’s mint-and-burn mechanism and bring UST’s market cap of $7.2 billion back to parity (or below).
Thus the Terraform team is suggesting destroying the UST without swapping it for LUNA.
LUNA acts as an arbitrage cushion for UST to help keep its dollar peg. Investors can always swap one UST for $1 of LUNA and vice versa. If UST falls below $1, investors can buy the discounted token, swap it for $1 in LUNA and then sell the newly-minted LUNA on the market for a profit. Each time this swap is made, the sold-token is burned (crypto speak for destroyed).
First, Terraform Labs suggests burning roughly 1 billion UST in the project’s community pool. The community pool is a special fund designated for funding different projects built on top of the Terra blockchain. Any community member can create a governance proposal to spend the tokens in the community pool.
The current circulating supply of UST is 12.12 billion, according to data from CoinMarketCap. By burning the tokens from this pool, the move would reduce the supply by roughly 8.05%.
The second measure seeks to bridge back 371 million UST from Ethereum to Terra and burn that as well. This would reduce the UST supply by another 3%.
In total, the first two emergency measures would reduce UST’s circulating supply by just over 11%.
“TFL (Terraform Labs) is currently exploring the best avenue to burn the remainder of its UST holdings,” tweeted Terraform Labs. “Much of which has been accrued in recent days to absorb the sell-offs of UST in various open markets
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