LUNC UPDATE (Still Bearish)I hope you are fine.
Read the text carefully.
According to the engulf of the previous bottom of 0.00013018, I think we are facing a larger degree pattern. I think the pattern is a diametric as before, but the degree of this pattern is bigger than what I expected. Now I think we are still in the e-wave of decline. I marked the route on the chart
Ask if you have a question
Thank You
Lunaclassic
clear that the price action is repeatzoom in and look
It is very clear that the same price behavior will be repeated. The difference in the driving force between the waves and its correlation with the time period.
The stronger and larger the wave, the longer the correction will take
But it is clear that the correction every time has the same consequences as the one before it
Bearing in mind the trading volumes that negate the bearish trend and confirm the bullish trend.
Even the RSI is showing the same behavior as the previous waves
I expect a rise in the currency in the coming weeks if the market situation improves a little
We are witnessing a new peak breaking through the previous one
If the current support is broken, the analysis fails....
LUNC TriangleWatching this Luna Classic LUNC triangle formation! 8% move upon a break out expected if triangle respected!
LUNC Triangle BreakoutWatching this potential triangle on LUNC, price target is $0.0002 if break out is confirmed.
LUNC Resitance BreakoutSame plan as last time. Looking for clean breakout of resistance (yellow), long position with price target at $.000236 ish. Partial TPs at 100 hour MA (blue) and resistance area at $.000187 ish. Looking for clear breakouts from these areas too.
Luna Classic Trendline & EMA BreakoutLooking for this potential scenario upon breakout of LUNC through bearish trendline (yellow) and 100 hour EMA (blue). Price target around $0.000236 - $0.000242 ish.
LUNC Make Or Break PointLUNC price sits right at our bullish trendline (yellow) and the 100 hr MA (blue). Need to see price stay above to be bullish, otherwise bearish continuation of price movement
LUNAC Breakout Structures This is the hourly chart for Luna Classic
Price briefly dips below the horizontal support just to rise up form a flag and continue a large run
This has been seen in the earlier green rectangle and can be seen to be dipping below the horizontal in the current green rectangle
Very Bullish
I believe we are in a disbelief phase for cryptocurrency.
Luna Classic LUNC Triangle FormationTriangle appearing on LUNC expiring in a few hours. Looking for a breakout to the upside - support on triangle supported by trendlines on RSI and ROC. Long price target of $.00025. Break out to downside also possible, price target would be $.0002 ish.
Phase C update on the original accumulation idea It's been a long time coming and I believe we are finally in Phase C. We have hit the bottom of the range, sprung, and we back tested the spring as support. Those are all the markings of Phase C. Next it's time for the composite operator to start a new up trend.
DOGE IS ABOUT TO GET REVALUED TO ITS TRUE VALUE! TARGET .0016DOGE had a nice run and if you were one of the lucky ones who got in early and made a boatload of money then kudos to you. If you bought in anywhere over 1 cent then you're about to lose your money. DOGE was and still is just a meme coin, it'll never be anything more. The time is approaching where many of the top 100 cryptos on coinmarket cap will be valued for what they are, there are way too many extremely overvalued shltcoins right now. Doge will slowly bleed out over time, kinda like LUNA is doing now, and the same fate that Shib will have. It will take a while because of how many actually jumped onto this ship when it pumped and how many probably got in at the top hoping and holding to at least break even. I can see how many bought in at the top with the buy volumes and its disgusting. I feel really bad for anyone who actually spent more than 10 cents on this Dog let alone 78 cents at the peak. If you are still in profits then it would be wise to take profits before all is lost. Doge is about to tank, and drop out of this descending triangle and the correction will be fast and steep. The only thing keeping doge still alive is all the hype Youtube videos and charts predicting $40 or even $1 lol. This is just as bad as the LunaClassic crowd, Doge will never make a new high, it cant its already way overvalued. Anyways this is not financial advice this is just my opinion, do your own research. Invest in things that actually have some real world use or are working towards improving something in the world. Meme coins are cute but at the end of the day they are worthless. Good luck out there everyone and Im sorry for the bad news.
Trinagle Breakout On LUNCBroken down below bullish support and 100 Hour MA, waiting for additional momentum and volume to confirm - Price target of $0.000225
BCASH DEAD CAT BOUNCE INCOMING THEN NEW SLOW BLEED LOWS TO $14BCASH really took a nosedive since its all time high around $4500 down almost 99%, and has yet to recover even slightly. The previous bull run where most coins went to new all time highs or at least close to their previous all time high, Bcash didnt even come close and any gains it had made in that last run was deleted in almost one single weekly candle, which proves that BCash investors cashed out of this at both tops. Only ones still holding now are small retail investors hoping to get rich or thinking that this coin actually has a future,it doesn't. BCash died a long time ago. Interest is dying in this coin, and the 51% attack it suffered a couple years ago really put a damper on this coin and the rally that followed during the latest bull run was lackluster to say the least. Indicators on the short term time frame are showing some bullishness but longer term indicators bi-weekly and monthly are still bearish and at best this next run BCash will make one more dead cat bounce before its slow bleed out over the next few years down to double and even single digit lows. Also the creator of this coin Roger Ver is a felon for one and his most recent actions involving Coinflex was a shltbag move to say the least. He literally almost bankrupt the company because he failed to cover his $45 million dollar margin call that he promised he would. Dumbass made a bad trade and now doesnt want to own up to it. The exchange needed to raise money from other investors to be able to continue its operations. There is currently a lawsuit against Ver for this. Hes a crook just like Do Kwon and BCash will suffer the same fate as Luna. Take profits or forever hold your peace! This is not trading or financial advice this is just my opinions and speculations.
🚨🚨🚀$LUNC #LunaClassic Just Might Actually Make Its Comeback!KUCOIN:LUNCUSDT
$LUNC has obviously been highly speculated on, by "gamblers" and "degens" in the crypto space. I, myself, have even DCA'd very small amounts into it over the past month. While this is, of course, is very possibly a short lived pump, $LUNC has actually made its higher high, above the previous swing-high. RSI's are also showing a strong rise in demand, which may be overheated. But with the higher high in place I do believe it is now safe to speculate (As long as the momentum isn't quickly lost, with a break of the current support-trend) that there may be some real relief in store for $LUNC holders, and ( possibly ) major profits for anyone who has been buying recently.
IMO, if $LUNC can hold these price levels and momentum, then push above the second strong-resistance level (Around $0.00014) and hold that area as support, there could be a very strong rally coming here.
##*This is all my opinion, based on chart data. This is NOT financial advice.*
LUNC Potential Rising WedgeStill bullish on LUNC in the intermediate-longer term but keeping my eye on the price relative to this rising wedge that i see forming. Breakdown below support would give a price target of $0.000216 and would invalidate my bullish thesis on LUNC
LUNC LUNA CLASSIC LAXATIVES ARE KICKING IN, HUGE CRAP COMING!LUNC, as I have said before in my other charts is about to drop like you've never seen before. The break of this descending triangle is going to be ugly. I also don't think the measured move down will stop there. Once LUNC heads to those lows everyone who is staked and "believers" will suddenly become non-believers and they will unstake and sell their positions pushing LUNC to new lows. LUNC does not belong even in the top 100 in my opinion, its worthless and has no real world use, plus no one with serious money in their right mind will ever invest in this dead project. Take profits and cut your losses if you have any or you will incur many more losses. LUNC is never going to burn enough to make any sort of difference ever. No millionaires will be created by holding this dirty diaper. If you plan to hodl then I feel sorry for you and all I can offer is some toilet paper and some tissues. This is not trading or financial advice this isjust my opinion. If you like my content then please support my work by following me, and give me a boost if you a second. Thank you and good luck out there my friends.