LUNA Rides Ascending Channel To Multi Month High-LUNA has risen 170% the last two weeks
-25MA has held as support for 15 days
-RSI is near breaking its up trend line
LUNA has had a wild revival the last few weeks. Prices rose almost 200% from the low set a few weeks ago as the general market has risen an average of 40% off the lows. This is very impressive for an alt-coin as the majority of alt-coins are still gaining steam for a strong push upwards. After such a strong bullish surge, it is safe to assume some type of retracement may occur before pushing LUNA pushes higher.
For the past 15 days, LUNA has been respecting an ascending channel (shown in green). This channel has held LUNA throughout a very strong upwards trend. Just over the past 12 hours, LUNA has experienced 2 rejections at the top of this channel. Each time this has happened, LUNA retreated back to the bottom trend of this channel. If the current support of $14.50 fails to hold, we can expect LUNA to fall back to the bottom trend of this channel, along with the major support of $13.55.
Over the past 2 weeks, the 25MA has held support for LUNA. This can be referenced over the coming days as a break below this MA along with the bottom trend of the channel, will likely trigger a short term downtrend. For LUNA to continue pushing, it must break & HOLD its major resistance zone found at $14.50-$15.00. This will set LUNA up to hit its next targets. Although, it seems likely LUNA needs some cooling off before this occurs.
While looking at the RSI, we can see a trend line has been respected for over 2 weeks. At the time of writing, the strength is hanging out very close to it. Breaking below this trend will cause the trend to shift and LUNA will begin a short term retrace. The MACD has been floating decently high the last few days and it seems to be curling over, readying for a bearish cross.
LUNA Intraday Analysis
Spot rate: $14.70
Trend: Bullish
Volatility: High
Support: $14.50
Resistance: $15.13
LUNAUSD
Terra Luna 1D Soon again rocket launch to the moon?Terra is a blockchain protocol that uses stablecoins pegged to fiat currency to provide a stable price for global payment systems.
LUNA is a Terra token that is used to stabilize the price of protocol stablecoins, and LUNA owners can submit management proposals and vote for them.
For 4.5 months, the cost of LUNAUSDT soared by x80 and this is a cool result.
After a strong rally in growth, a logical correction began. At first, it was smooth, were those who were more cunning were selling out, and during the fall in May, the correction became simply vertical downward. As a result, the price of LUNAUSD corrected by -82% from the maximum.
Further, LUNA investors were waiting for almost two months of consolidation in the zone of $4.70-7.50.
Now we don't really want the price to fall below this consolidation, it's time to complete it and grow back. For this, buyers should not be allowed to drop the price below $5.
Below $4.70-5, there will be an area for a fall, where $3 can act as the first level to stop.
Although, as can be seen from the chart on the way up, more or less liquid zones were $0.77-0.88 and $0.40-0.50 , even we hardly believe in such a pessimistic forecast.
Therefore, for now, we take the white scenario as a basis.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
LUNAUSDT SPOT STRATEGY [4H]STRONG RESISTANCE LEVEL AT 13.561 --> PULL BACK UNDER SHORT TERM TREND LINE
--> BACK TO LONG TERM TRENDLINE --> POSSIBLE BREAKOUT OF THE RESISTANCE IN THE NEXT FEW DAYS
For now, i'm neutral/short on LUNA/USDT, as it was quite bullish for the last two weeks --> will wait until breakout confirmation for long (possibility of fake breakout tho)
LUNA Finally Clears 2 Month Channel Resistance-LUNA has revived nearly 70% the past week
-Price has recently cleared its ascending channel resistance
-RSI coils right below the overbought value
LUNA has held fairly well over the past couple months as most coins hit a new low throughout the last 2 weeks. LUNA has been continuously printing higher lows as the majority of alts have been continuously getting crushed. This shows the overall strength of LUNA as prices are still up over 2000% over the past year. LUNA has a large price void that may soon get filled if the market continues bullish.
While looking at the chart, we can see prices have formed an ascending channel over the last 65 days (shown in green). Just over the last day, LUNA has fully cleared over the top trend of the channel formation. As long as prices stay above this, LUNA is in a great spot. Along with this trend lies a resistance zone of $8.78-$9.43. Bulls must continue to hold prices above this mark to stay in a bullish trend.
At the time of writing, the 600MA is acting as a resistance line along with the other two barriers. This has been a great indication of whether a bull trend or bear trend is taking place. If prices can clear over this MA, LUNA should have all the confirmations needed to have a confirmed bullish trend. If bears take back control, LUNA will find support at $8.26, $7.59, & $6.47.
While looking at the RSI, we can see a short term bull flag has been forming. If strength manages to break to the upside, LUNA will experience another strong bullish push. The MACD has recently visited the bullish territory which has brought along this near 70% price surge. The MA’s have touched a near 2 month trend line which has acted as resistance 2 other times. Breaking over this mark will allow LUNA to push to its next targets.
LUNA intraday levels
Spot rate: $9.40
Trend: Bullish
Volatility: High
Support: $8.79
Resistance: $9.42
Luna BattleLuna retested first trendline and for now protected that price if lose 8.25 it will follow my draw and main correction is started.
Terra (LUNA) - July 22Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(LUNAUSD 1W Chart)
If the price is maintained above the 3.70489849-5.34838629 range, the uptrend is expected to continue.
(1D chart)
It remains to be seen if the 5.05469988-6.69727011 section can find support and move up.
If the price is maintained at the 6.69727011 -9.98241078 range, it is expected to turn into an uptrend.
To continue the uptrend, you need to break out of the downtrend line.
If it declines from the 5.05469988 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required.
-------------------------------------
(LUNABTC 1W chart)
If the price holds above the 11711 Satoshi point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained in the 18421 Satoshi-23931 Satoshi section, it is expected that the upward trend will continue.
It should rise above the 26685 Satoshi point to accelerate the upward trend.
If it falls in the 17431 Satoshi-18421 Satoshi section, Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, or BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
LUNA/USDT - Trading within this rangePull the fib from 0 to our all-time high just like I did on ETH and we can see that we got a nice bounce off the 0.786 but then got rejected by the 0.618 and continue to trade within this range between the two. These are the two critical levels to watch out for on the macro time frame to determine what's going to happen next
Terra (LUNA) - July 2Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(LUNAUSD 1W Chart)
We need to see if we can continue the upward trend by moving above the 7.12617120-8.71867222 section.
(1D chart)
It remains to be seen if the 5.59660673-7.41981257 section can find support and move up.
We need to see if we can break out of the downtrend line while maintaining the price at the 7.41981257-11.06622448 zone.
-------------------------------------
(LUNABTC 1W chart)
If the price is maintained above the 11711 Satoshi-17431 Satoshi section, it is expected that the uptrend will continue.
(1D chart)
We have to see if we can sustain the upward trend by maintaining the price by moving up to the 20035 Satoshi-26083 Satoshi section.
If it goes down, we should see support at the 13987 Satoshi point and see if it can move up along the uptrend line.
If it falls from the 10964 Satoshi point, it will enter the mid- to long-term investment area, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
LUNA IDEAI look at the $ LUNA chart and, historically, the analogous period of accumulation is about to end - luna has almost 280% from the current level.
is someone following and maybe analyzing what? Does such a comparison with historical data have any sense and any meaning?
Anyways, this seems like a good long-term topic with a lot of upside potential.
For reference(PLEASE READ DESCRIPTION) LUNA-USDHello traders and investors!! 👋
I am watching LUNA closely and depicted above are some of my key points..👆📌📈
We recently broke up and out of a descending channel, but I am not convinced just yet, let's see if we bounce down from this possible resistance at the top of our triangle/wedge shape..!🆗↘↗🧐🔺
Just a few days ago there was news that the (80 percent drop in price recently) drop👀🐻 in LUNA token🌚 caused major issues with the price of Terra blockchains PIGCOIN🐷💲 pair (UST,) was down upwards of 11 cents at one point. 😨
PIGCOINS🐷💲, or (stablecoins,) are supposed to stay at a fixed price and not deviate in either direction (think US dollar)
TERRA, having a large amount of reserves in their token LUNA, then had to buy up aggressively their LUNA token to fix the drop in UST.
This does not go unnoticed and is something to consider before investing in this token short-term.
Long term, LUNA is expected to make a recovery but it is always wise to use caution!
Thank you so much for considering this chart/analysis of LUNA-USD, I always love your feedback!!!🐶🎉
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set🆗
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Jazerbay
Terra (LUNA) - May 25Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(LUNAUSD 1W chart)
(1D chart)
We have to see if we can get support and climb in the 5.59660673-7.41981257 section.
In order to turn to an uptrend, it must rise above the 11.06622448 point and be supported.
--------------------------------------
(LUNABTC 1W chart)
(1D chart)
We have to see if we can get support at the 17431 Satoshi branch and rise above the 20035 Satoshi branch.
If it falls, it should be supported in the 10964 Satoshi-13987 Satoshi section.
In order to turn to an uptrend, it must rise above the 26083 Satoshi point and gain support.
--------------------------------------
It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
LUNAUSD Bouncing AccordinglyAfter a massive fall, LUNA is bouncing along the previous uptrend line
This looks like a great bargain buy
The bull run is not over!
Luna Primed for Takeoff - My Number One TradeTerra Luna is in my opinion one of the best blockchain out there. It's has a product that's has real world applications outside of just the crypto industry. One of the highest LTV locked up and potentially explode if UST start to become more widely adopted.
Aside from that the technical show that it's been holding a bull flag pattern for weeks now with the 26-EMA support creeping up and nudging it to finally go. It's one of the few major alt coins that haven't had it's massive pump yet and judging from how tight the pattern is getting, I am expecting a break to upward within the next 2 weeks. These are my favorite types of trades when both the Fundamentals and Technical align.
Luna-Terra look for a continuation pattern upGood day fellow traders,
Terra needs to be on your radar here, position-wise it's not at an ideal spot to enter for a trading opportunity( middle of the range), only with the right experience plan.
In that regard, our risk-reward ratio is still 1:4.
- MACD looking like it wants to move
- DMI and RSI at a healthy location
- Consolidation since 24th April, after healthy correction from the previous high, which validates stronger support 0.236% level(relative in crypto:)
- Resistance level at 61.8% > $17.85
- Monitor the Daily for confirmation of either breakout, bullish momentum.
- It is always better to enter on a swing low, meaning be patience and wait for assurance of trend change- or buy low
Buy up to $ 17.5
SL $14.8
Info and targets on the chart,
Always pay attention to the engine BTC in crypto space for sudden changes in charts, only trade stronger coins in this period. And as always in Crypto- watch your butt.
Good luck to you all,
This is not Financial advice