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LUNAUSDT

Wait for itThis signal will be very short as it's very late in my timezone. First of all, maybe buying tons of BTC strenghtened UST but definitely didn't help LUNA. Secondly, you can see this old ascending channel I had on LUNA, it's still valid, I just added a new support which should work according with VLPR and that volume peak you see there in the chart. Now we can expect two outcomes: 1) if next daily candle will have an higher or similar volume and will keep going down it will mean that selling pressure keeps being high ==> support will break and we'll head toward 57 USDT area; 2) if daily candle will will have a lower volume, we'll likely have to expect a reversal, even though it could be a little one If we touch the channel bottom (57) wait to buy because if BTC goes below 30K we'll likely see again LUNA at lower prices. Good luck!
by Shotokhan
4
LUNA - $15 Area Provides Strong Support. Below that $5.35Traders, I never thought I'd be writing this post and discussing support on Luna at $5 and $15. But here we are. Literally, days after Luna was one of the most bullish coins on the market. And it is now a very big factor that currently is negatively spreading bearish sentiment over the whole crypto space. It is not the scope of this post to discuss the details of what occurred. I'll save that for one of my update videos, but in short, while attempting to save their pegged UST stable coin, Luna inadvertently added more FUD and selling pressure on BTC which already getting recked. Anywho, LUNA now become a predominant factor that we must carefully consider to help us gauge more accurately overall sentiment in the crypto space. And right now? We are extremely bearish, driven largely by great fear, uncertainty, and doubt (skepticism). Regaining trust, if it can be gained, always takes some time. Understanding what future LUNA price might look like can greatly aid us in gaining perspective on the rest of the market. As of now, LUNA remains on support at $24. However, zooming in to the 1hr/4hr shows a potential bear flag in formation. The price remains extremely fragile and I would not be surprised to see the bears follow through with a move down to the $15 area, a strong area of confluence in which support intersects with an ascending trendline. Below that we have approx. $5.35, which is super strong support. If it breaks that? ...no one really knows, but I would start to question survivability. VPVR supports both of these lower levels. You can see that we have a nice M pattern on the weekly. Should a bounce occur soon, we would move back up to test that $46-$50 area of resistance. Watch LUNA closely. It may start to become a lead indicator for us here. Stew
LShort
by stewdamus
9
LUNA - Outlook ✅Let's see how LUNA is behaving. This is a 1D chart. (Long Term) LUNA also broke two resistance areas and landed on support. There are two possible scenarios: either the price will pull back and hit resistance or pass the support area and go lower. Two resistance areas are pushing down on price, and this support level will only hold while Bitcoin is going sideways. Once BTC drops, LUNA will drop as well. The RSI shows that LUNA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $30.60 Let me know your ideas. Good luck.
by ShawnMCR
1
LUNA - Understanding the Lunatic Drop 👇🧵Trying to find the explanation of what went SO wrong with Luna i found the best possible explanation here : $UST fell to a low of $0.66 while $LUNA crashed to a low of $24.85 overnight. Lessons learned from $LUNA $UST disastrous collapse 👇🧵 But let's assess what actually happened. - $UST deposits on Anchor fell 43% in a day (currently $6.7bn) - $UST getting massively shorted + sell-off on Curve - LFG emptied out all its reserves to save the peg - Rumours that Citadel engineered the attack / Lesson 1: Death Spiral Illustrated perfectly by @ZeMariaMacedo , the design of $LUNA $UST is a giant positive feedback loop. This was the "flywheel effect" that everyone's talking about but very few actually viewed it as a double edged sword. A design that has a tendency to spiral out of control, even if it is to the upside, is a fundamental flaw. Most positive feedback loops are bad, be it in biology or engineering. Don't get caught up in the buzzwords like "flywheel effect" esp when things seem rosy. Lesson 2: Arbitrageurs can stop arb-ing $UST peg is maintained by: - Arbitrage - @stablekwon & LFG's deep pockets If $UST falls below $1 (e.g. $0.95), arbitrageurs buy $UST for $0.95, redeem the $UST and mint $1 worth of $LUNA. Profit = $0.05, $UST supply falls, $UST --> $1 But if $LUNA is in a prolonged downturn, the risk of holding onto $LUNA after minting is high. The arb profit might get wiped after minting $LUNA as $LUNA price keeps dropping, hence arbitrageurs might abstain and choose to chill instead --> stabilization mechanism fails Lesson 3: Over-reliance on Do Kwon & LFG Crypto is built on the ethos of being independent of trusted third parties. If $UST relies on the aggressive, interventionist measures of centralized entities like Do Kwon & LFG, how is it scalable? Imagine maintaining a peg by having the founder pump in capital each time shit goes south? Everything about Terra operates off the back of exogenous capital injection. Even Anchor's 20% APY relies heavily on the yield reserve top ups instead of revenue earned from lending. The idea that Terra is too big to fail is very dangerous and it's why many diehard $LUNA maxis got burned today. It's a house of card built entirely on trust, in a supposedly trustless space. Lesson 4: Cult Heroes Cult heroes in crypto have the same ending. Daniele Sesta and Frog Nation. Andre Cronje and $FTM community. Do Kwon is next... He is a great guy don't get me wrong, but never all-in your trust in a cult hero and invest on people Lesson 5: Stablecoin Designs Seems like pure-play algo stablecoins can't withstand the heat. Over-collateralized stablecoins are icky cuz they're like loans instead of currency and have a massive capital utilization problem. A hybrid model might be it... @fraxfinance Lesson 6: LFG Reserves Transparency LFG is transparent about the size of its reserves and you can track their wallets in real time. Central banks usually avoid disclosing the size of their forex reserves e.g. Singapore or they release lagged data Conclusion: A lot of trust has been lost today. It really goes to show the importance of a sound, self-sustaining system beneath the veneer of marketing gimmicks. Can $UST and $LUNA rise again? Definitely. But A LOT of work is needed to fix the fundamental design flaws.
by FX_Professor
65
just as predicted what we thought about #usdtdalright guys we reached the exact point in #usdtd and the thing that I know about this chart and I'm warning you about is this, if #usdtd would be detecting the exact point that I've been marked on the chart on about 5.11% then these green candles would be the last chance to cash your portfolio, i repeat if there would be detection on 5.11% ( by the detection I mean "reaction" ) so if you are a scalper you know what to do and I guess you already have your long positions have been filled down there, but if you have anything in loss, try to decide what exactly you wanna do, keeping your portfolio and whatever it in clouds for weeks, months and maybe years? and please notice that this is just an idea and try to make your decision by yourself, because this is the market and whatever can happen on a chart, will happen. the main idea about these words is "these green candles will not last long" #stay #safe
CRYPTOCAP:USDT.D
by rfmarandi
LUNAUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for LUNAUSDT You are observing a heavy fall for the price after it lost its support. At the present, it is approaching the first support line and we believe it will have a fluctuation at this area. Then we expect a rise for the price. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
by MarsSignals
Head and ShouldersLUNA has been in a bull trend for over a year now, and is starting to show weakness against both USD and BTC here. The head and shoulders pattern on the LUNAUSDT broke the neckline earlier today, the volume wasn't significant but we believe as it gets weaker it will trigger panic once LUNABTC makes a lower low. I made the entry based on the risk reward ratio, it is something that every trader must understand because it protects me from losing money even if I had a higher rate of failure.
LShort
by JoE
analysis of Luna and review of support points new versionComplete analysis of Luna currency and review of support points part 2 we got +100% tp in old version here we have breakdown bear will take profit in 50 and 45 or 42 and we can buy in 45 or 50 or 47.500 42 its very good to spot trade The points marked with green lines are suitable for adding this currency to the portfolio and we can maintain it in the long or medium term and make a profit. note:All the projects to buy and add to the portfolio are also in my portfolio too...
Long
by rezaeimerlin