LUNA IDEAHELLO GUYS THIS MY IDEA 💡ABOUT LUNAUSDT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow thanks
LUNA
LUNC TriangleWatching this Luna Classic LUNC triangle formation! 8% move upon a break out expected if triangle respected!
LUNA 2.0: The Support Zone Near 1.500 is Showing StrengthLUNA 2.0: The Support Zone Near 1.500 is Showing Strength
LUNA: A Beautiful Accumulation In a MEME Coin
Luna is testing the lower part of the structure and it is looking
in a very good position.
The structure corresponds also to a very old accumulation zone that can
push the price up again.
Despite the latest specualtions price stopped the crash near 1.4100 and it managed
to rise again.
Targets:
🎯 2.1879
🎯 2.5729
Thank you and Good Luck!
LUNA CAN GO UPHello, dear traders. how are you ? Today we have a setup to buy/long the LUNA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Lunc in negative territory
Trade can go further as shown in the graph. For any questions you can contact us.
$VGX Long on Daily, $1.20 again??With news of #Binance putting in a new bid for #Voyager, #VGX has been soaring. It is testing the bottom of the triangle (old support, which is now resistance). If breaks through we can see $.70. Will it hit $1.20 again???
LUNC Weekly Bearish Cycle Projection ProgressionWe've come a long way from the top of the previous projection (marked in light orange) and are now 78% of the way complete. From the looks of things we are setting up to make another push to the downside in relation to the projected price action; especially as the DeFi sector within crypto continues to underperform the rest of the market.
Tether - The ominous precedent and another scapegoat?The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether (owned by Bitfinex).
Already back in July 2021, Jannet Yellen, the U.S. treasury secretary, summoned Jerome Powell and the head of the Securities and Exchange Commission to discuss Tether and the danger it poses. Then in October 2021, the Commodity Futures Trading Commission (CFTC) filed and settled legal cases against iFinex Inc., BFXNA Inc., and BFXWW Inc.
The actual text (only excerpts) from the CFTC website
1st excerpt
“The Tether order finds that since its launch in 2014, Tether has represented that the tether token is a stablecoin with its value pegged to fiat currency and 100% backed by corresponding fiat assets, including U.S. dollars and euros. However, the Tether order finds that from at least June 1, 2016 to February 25, 2019, Tether misrepresented to customers and the market that Tether maintained sufficient U.S. dollar reserves to back every USDT in circulation with the “equivalent amount of corresponding fiat currency” held by Tether and “safely deposited” in Tether’s bank accounts. “
2nd excerpt
In fact Tether reserves were not “fully-backed” the majority of the time. The order further finds that Tether failed to disclose that it included unsecured receivables and non-fiat assets in its reserves, and that Tether falsely represented that it would undergo routine, professional audits to demonstrate that it maintained “100% reserves at all times” even though Tether reserves were not audited.
3rd excerpt
“Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018. “
Illustration 1.01
The recent disconnect in the peg between the USD and Tether is shown above. It can be observed that the panic lasted only little bit over two hours. However, slope of the decline is reminiscent of one in Luna.
Illustration 1.02
The weekly chart of the crypto total market cap shows a substantial decline since the beginning of the downtrend in November 2021. The orange line shows BTCUSD, a positive correlation between market-cap and BTCUSD. Bitcoin has the highest dominance in the cryptocurrency market; therefore, it has the most significant impact on the crypto total market cap's movement. A strong positive correlation can also be observed between Bitcoin and the tech industry; the light blue line in the lower graph shows Nasdaq 100 CFD.
Illustration 1.03
The picture above shows the massive drop in Luna stablecoin.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This idea is not intended to encourage any buying or selling of any particular securities; it is merely an opinion. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
LUNA: A Beautiful Accumulation In a MEME CoinLUNA: A Beautiful Accumulation In a MEME Coin
Luna is testing the lower part of the structure and it is looking
in a very good position.
The structure corresponds also to a very old accumulation zone that can
push the price up again.
Don't miss it...
Targets:
🎯 2.1879
🎯 2.5729
Thank you and Good Luck!
Is SOL Solana the new LUNA ???The head and shoulders bearish chart pattern reached its target:
Solana was halted today!
A known bug relating to durable nonces was triggered on a majority of validators,
It hadn't been triggered in this form previously!
That lead to a block hash mismatch and validators stalling!
I think we are going to see more attacks on weak blockchains and stablecoins.
I wouldn`t be surprised to see SOL Solana going even lower!
Looking forward to read your opinion about it.
LUNCBUSD more gain 🚀Hello 🐋
Based on the chart
the price is close to support area and the red trend line, we can see brief gain here ✔️
at
least close to the red trend line 👌🚀
or
first correction and then from the lower support, we will see the gain 👌🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋