LUNCBUSD RALLY UPDATEWave degree appears dynamic at this point.
From June 8th 2022 low of 0.00004123 to June 29th high of 0.00016663 is 5 waves up- wave I of 3.
decline from June 29th high to July 4th low is a rather corrective than impulsive looking like a zigzag 5-3-5- wave II of 3.
Price above 0.00014298 July 1st high would suggest wave III of 3 is underway provided July 4th low of 0.00010100 remains intact.
Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
LUNA
LUNA Will be short term upLUNA2.0 trade will be boost up for short term from blue range area as we predicted before. You can see trade is accumulated in narrow range. Now anytime it can go up. There is one leg up before head down to zero. Trade scenario will be completely changed it crosses 50% Fib level which is around $25 level. We are expecting two mega negative candles then up after long accumulation period.
LUNAC Symmetrical Triangle HourlyLUNA has formed a beautiful symmetrical triangle on the hourly timeframe
This will likely lead to a break out to the upside for the bulls
LUNA's plummet in my eyes is considered an overreaction
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
NEXT WAVE IS NEARDo Kwon needs to recover his name, so USTC must be reborn and start a new journey. i heard they have good hidden news.
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.
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.
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
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.
luncLunc Technical analysis basically on elliott waves Principles and Price action Patterns
Lunc can be go Down to make a Double bottom
Wait and watch.
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.
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 ...!
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⚠️ 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 ❤️
ETH USDT hello guys this is my idea about ETH /USDT
I thing that 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 + previous support become resistance + Strong volume area is my mainly reason for this short trade....
THANKS
REBENGA
+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