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LUNA

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
L
by IllyrianTrader
LUNA LUNC USD : LUNA + MATIC FRACTAL, LUNA COULD EXPLODE FAST!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS CONTENT. THANK YOU. LUNA CLASSIC Has had some new developments come into it over the past couple of days. Starship the largest Metaverse by size will be incorporating LUNA Classic into their project. LUNA will be used for payments in the Starship Metaverse, and from each payment 1.2% of the Luna will be burned. Depending on how big and popular this metaverse will be this could be huge for LUNA classic holders. The price of LUNA Classic will continuously go up over time because of the burn rate. Luna could eventually reach 1 dollar again in the not too distant future, maybe a few years or less and continue to rise as the supply of Luna is constantly decreasing. All it will take is another project to accept luna in the same way and burn as well and the supply of luna will go down rapidly, in turn increasing the price rapidly. I don't know what will come of this but with these new developments I will be buying into LUNA again and holding for the longer term. The risk to reward here is a no brainer at this point. I mean LUNA really hit people hard and it sucks, but this may be the driver and the catalyst for LUNA Classic to explode. If the community takes over LUNA and then DO KWON is found guilty of the crash etc, then his new LUNA 2.0 will crash to nothing and every project and platform on the LUNA 2.0 chain will migrate over to LUNA Classic because no one wants to support a crook. This could be massive my friends and this could be a once in a lifetime opportunity here. I sold out of LUNA back when it hit 12 cents and I said I was done with it but now with these new developments I believe LUNC has a chance to take off and get back into the dollar figures in the future. If 10 companies/projects work on LUNA Classic and all are burning coins the supply of Luna could rapidly fall and LUNA could be in the single digit billions supply fast. In the chart you will see a fractal from MATIC Polygon that is really similar to LUNC. After this rally/pump we may see another big drop and then off to the races. Matic dropped 70% in one night back in 2019 and no one knew what happened, and people were calling it dead, pump and dump, similar to LUNC. Matic then went on to rally from about $.01 cent (one cent) to $3. That is a 300x gain. $1000 bucks right now will get you about 8 million LUNC. Imagine if LUNA gets back into the dollar digits, you'll be kicking yourself for not spending a few bucks at these levels. Look at what happened to DOGE holders, multiple millionaires and a couple billionaires were made, and thats just one example of recent, there is hundreds of them. I am supporting this new LUNC community because not only do I believe it will thrive again, but also because I want people who lost everything to be able to get their money back some day, my heart aches for them. Good luck out there my friends and thank you. This is not financial or trading advice this is just what I am doing and my opinion. BELOW IS A DIRECT COPY AND PASTE ABOUT THE NEW DEVELOPMENTS ON LUNA CLASSIC StarShip is a quickly growing ecosystem built around a solid foundation of collaborative, loyal businesses and passionate community members. Their whitepaper opens with the statement that “community is at the heart of currency”, and the vibrant culture of partners and projects surrounding the StarShip NFT Game and StarShip’s strong liquidity pool pairings are already a testament to their dedication to this mission. Recently StarShip unveiled a trailer featuring actual in-game footage of what will be the largest metaverse in existence to date. Built on the powerful new Unreal 5 engine and boasting 32,000 square kilometers of buildable space, the size of this MetaUniverse will allow room for unparalleled long-term growth and opportunity. As a result of LUNC’s new collaboration with StarShip, LUNC will be implemented into the StarShip ecosystem as one form of payment within StarShip Universe, burning 1.2% of all LUNC received for these payments. In related news, the 1.2% burn tax mechanism put forward in LUNC’s Prop 3568 was successfully passed on Sunday. This will begin to reduce the supply of existing tokens as they are circulated, which comes as great news to its loyal holders. Finding a strong use for LUNC comes at an opportune moment. As StarShip welcomes the Luna community, this collaboration strengthens the foundations of both ecosystems.
KRAKEN:LUNAUSDLong
by Bitgolder
6
Bankrupt retest long. Targets $5 -> $47 Making a bet on retest*Sigh* I know what you are going to say.. "Im an idiot" Actually. I am just trading my plan... I had a meme idea. Lets long this instrument with pure techicals. Ride the possibility of a retest of resistance at $50 and set targets, 1st target. $5 2nd target $47 If this happens to be correct. I am F genious. Look I just work at a bank, to be able to say the least that this is a gamble And if you do fall into the red. Pull your positions. Good luck everyone.
LLong
by proptrading
9
LUNA could be forming a cup&handleFirst I wanna say that for what they did to many people LUNA shouldn't be traded. However if volume keeps rising it's likely this could be a cup&handle formation but to be honest it also depends from BTC (market). I don't think it's likely to breakout but it's worth keeping an eye on it. Target it's by book but in case of confirmed breakout it'll be likely price will reach it. Wait for confirmation before entering or enter and use stop loss Good luck
by Shotokhan
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.
Long
by McbmMM
2
Luna Classic Long opportunitySo with all the crazy things going on with the Terra ecosystem Iam pretty surprised how the prices act for both Luna and Luna Classic. I do believe this is a great time to buy in with a small amount of money and hope for the best. The community for Luna Classic is working hard to make it a healthy ecosystem. If things go well this could make you millions so why not try it. It is a gamble though, I must admit. But worth it ;) I do believe a cup and handle is possible to send it 700% up in the sky and who know how far real fomo will take it by then.. Let's hope for the best and good luck trading. Cheres.
LLong
by Ickyfiser
6
Can #BTC see 29K again or what ? There are 3 possibilities for #BTC that i indicated them on the chart , The last mid-term analysis was : According to previous analysis, as we said, we needed to wait for the positive reaction to the BULLISH BREAKER BLOCK zone (in the range of $ 14850 to $ 19500) . The price reacted positively to this high-potential range of demand. Note that this upward movement will still need to consolidate and will not be a 100% sign of an uptrend (Bullish Trend) , Because macroeconomic factors show the opposite. With an optimistic view and if the price consolidates above this price range, we can expect growth to eventually reach $ 29,000 and then continue to fall ...! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.21.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSD
by ArmanShabanTrading
10
+70% move for LUNA! LUNAUSDTHey guys thanks for all the support! I appreciate you all greatly! Make sure to LIKE and FOLLOW! Thanks Here is a simple chart i wanted to share with everyone I have placed a LONG position on 20x leverage for LUNA under $2 as i see LUNA at a minimum testing $2.63 and may very well go to its previous resistance at the $3.50 level. I may be looking to short the $3.50 level i will keep you guys updated! I am expecting the entire Crypto market to have somewhat of a "Relief Rally" Thanks guys, LiquidMEX
Long
by Liquidmex
1
Hot Air - Patience and RationalityIn 2018 I was pretty sure 6k was our bottom, then the bottom fell out to 3k. A gentlemen here on Tradingview had posted a chart prior to the drop to 3k that said HOT AIR in the space between 3-6k. I commented on his post, something like, yeah right buddy, It ain’t gonna happen, look at how stable BTC has been at 6k. When it dropped to 3k I got a response from him of something like, Your an idiot, what do you have to say now? Cash me outside, how bout dat. I’ll never forget this guy, I don’t remember his name, but I was humbled. This guy knew something I didn’t and put it in my face that I was still a baby trader. This post is in honor of him and if he see’s this, I wouldn’t mind another rationality check, should you feel the need. 

I have watched the BTC/USD charts every day for over 5 years now, along with any significantly related charts like BTC.D, FEDFUNDS, ETH/BTC and so on. I am an extinct GPU miner, I understand computers and operating systems, proof of work, and the tech behind bitcoin better than anyone around me in real life. I was mining with 80 GTX1060s and 48 GTX1070s at my peak in 2017. The 24/7 13 amp load from each rig caused a few fires on commercial 20 amp circuits, the resistance would slowly back the neutral screw out over a period of like 3 months, then arching would start unbeknown to me. I was always a computer tech, I was never a trader, I hodl bitcoin irrationally, always afraid to sell, no price is ever good enough for me, 20k eh, I’m waiting on 100k. 100k eh, Im waiting on 200k, oh it hit 200k, Im waiting for 500k. I never cared about the time line but I did secretly want it to happen fast, like 2017 fast and most of my charts have reflected that. Its like every time bitcoin reaches a new all time high It’s a signal that it is indeed capable of going even higher later on, and I just can’t stomach selling into that logarithmic trend that bitcoin has established, so afraid that as soon as I sell anything, its going to blast off and never come back. Most people commend me for my insane long starting in 2016 but I started thinking this hodl mentality may be working against me in the long run. I would watch highs and lows go by over and over, bear flag, bull flag! BART! Bull ru…. Its over, bear claw. I started noticing patterns in alt coins which I later identified as Wyckoff, oh wow, someone else noticed them before me. I saw how much I could have flipped my bitcoin stack into and was rather down about not having the knowledge or balls to do it, so I continued to hodl every Satoshi. I would see fractals over and over, I started seeing these patterns on all charts, and exploring their meanings all the while, still not trading, just watching. I would post charts here of my mostly irrational ideas, just so I could go back and see how right or wrong I was. I tested myself against the markets without putting my beloved bitcoin in, proving to myself I shouldn’t be trading as I got the calls wrong. It took me years and years to trust my own calls or give advice to close friends. These days are different, I am trading but not often I don’t make a lot of charts, I pay attention to other analysts and put all the their information together to form a general direction of where I think the market is heading. I use moving averages as a general reference of trading range, I use volume profiles, and I mostly stay on the logarithmic chart, playing the long game. I held 80 LUNA a few weeks ago, I sold them into BUSD at $89, this was based on the market structure, LUNAs double top and downtrend that formed immediately after. I had no clue that LUNA was about to dump harder than bitconnect yesterday and when it did, I just laughed like wow, Im finally making calls Im proud of. It was a small miracle I even had that much in LUNA in the first place, as I’m not big on alts but noticed it moving against BTC earlier in the year and capitalized on that. I have tried to use all the knowledge here given to me by guys like @goldbug1 @filbfilb @The_black_swan @TradingShot @BTCINVESTING @MartyBoots and so many more I’m forgetting, and apply that knowledge to making good decisions in my trading, which has been really hard for me honestly, even with all the amazing knowledge shared by these guys, you still have to trust yourself to do this. Youtube has been a great tool for gathering knowledge and perspective as well from guys like, Ben Cowen, Altcoin Daily, Andreas Antonopoulos, Barely Sociable, George, Alex Becker, Lex Fridman, Mike Saylor and so on, all of their opinions and perspectives have been of great value to me while trying to navigate these markets in the past few years. I would like to close this post out by saying this is how I am moving forward, Im still to scared to sell my bitcoin, but I am a trader now, I have skin in the game and Im going to continue to try and become a better trader through patience not by trying to time the markets. I wait for the markets to present the opportunity and then have the confidence in myself to act on it. This entire post was really to honor the people who have schooled me in this, It took me 4 years of watching to come into the markets with confidence and even now, I consider myself just graduated from baby trader, to toddler. This chart is not to be followed, its an idea and likely one of my bad ones, but I thought it interesting to compare the 2019 - 2020 downtrend and covid capitulation with our current situation. i expect bitcoin will bring maximum pain as it always does before moving up again.
BITSTAMP:BTCUSDShort
by ruraldisturbance
4
Bitcoin Going to 3k While The World Plunges Into Recession?Crypto is likely going to see a massive liquidation event occurring very soon. Margin calls start to cascade below 20k. Right now we know that Celcius, 3AC, MicroStrategy , and many miners that operate on thin margins are all at risk of major liquidations or margin calls. There's likely many others at risk and who will collapse due to contagion from these and other major players collapsing. This totals over 200k BTC at risk of liquidation, as well as many other cryptos. There could also be contagion from global markets collapsing and falling into recession or even depression over the next year. The FED aggressively hiking rates while the stock market is in free fall is going to end badly as all the liquidity dries up and the theoretical rug is pulled out from under the entire world. The US could see deflation next year as supply chains recover and monetary conditions tighten aggressively. The fallout from LUNA/UST collapsing is still spreading through the crypto market and we will likely see many other cryptocurrencies collapsing to virtually nothing over the next year. Celsius and 3AC collapsing due to LUNA will just be the beginning, This will keep spreading to more and more major market players. Only the strong will survive. Shorting will likely be the modus operandi for an extended period of time for nearly all risk assets. Massive long-term bearish divergences will likely take several months if not over a year to fully play out. It is likely that we see a move downward that is larger and faster than the largest down move BTC has ever experienced, which was in 2011 before even my time. This was a 93% drop and happened while the market was still recovering from one of the worst economic periods of recent history. I suspect this will happen again and using the April 2022 high as the end of wave-G would put our minimum target at 3000 USD per BTC before September. It's quite possible it goes even lower than that to the 2013 high of 1300.
COINBASE:BTCUSDLong
by Roberto411
2