LUNAUSD Upward ChannelAn identified channel that LUNAUSD has recently returned to being within
Recent volatility gives me the assumption that more is to come
LUNAUSDT
LUNAUSDT WITH THE POSSIBILITY OF A BEAUTIFUL SHORTTechnical analysis regarding the price of TERRA in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
FTM Potential Swing Long Set Up Over the past few years, every time $FTM has always retraced back to the 0.382 level before bouncing back up. The 0.382 fib level seems to always be the price retracement level in which a huge bounce a price action would take place therefore this could potentially be a good area to buy in or swing trade this coin.
Entry Levels: 0.942 - 1.0636
Stop Loss: 0.7376
Targets: 1.674 - 8.1099
Luna is undergoing distributionThere are quite some Luna maximalists in here, chanting "Such fundamentals, very moon!" since the start of the run up, but unfortunately no asset escapes the laws of the market. Citing an iconic Japanese trader: "people trade according to market sentiment rather than fundamentals". In our case, this means that if bitcoin breaks down and panic starts, people will want to protect their money regardless of the fundamentals.
I am not a fan of drawing lines that the price action would follow, since I just don't like to predict a certain target at a certain time. If arrows on my chart there are, it's either the prolongation of a known theoretical schematic (like Wyckoff accumulation/distribution), or just to roughly convey the direction the price action could take when it's reasonable to guess it. Anyway, finally getting to the point: I think Luna could be undergoing Wyckoff distribution (in phase B at the moment), after a powerful run up, I have easily identified a couple of steps of the distribution schematic (PSY: preliminary supply, BC: buying climax, SOW weakness, and UT upthrust so far). I choose to post a Wyckoff idea only if I've been able to easily identify those steps, and that they are well placed according to the schematic which seems to be the case here. So, as you've understood, I am not saying the price will follow those lines at all. It will certainly go down at some point, although it could be faster than what I've drawn on the chart.
The only thing you have to do is just keep track of the pa and compare it to that schematic because the longer it acts according to it (i.e., if it ends up taking one of the two routes I've drawn utad or lpsy), the more the outcome will be predictable, and so, tradeable. There is no magic trade technique I believe. Just be ready to spot when the ultimate weakness in the price action happens before it goes down.
LUNAUSDT Formed Bullish Flag PatternLUNAUSDT Formed Bullish Flag Pattern
A strong Resistance at 94-96 USDT will reach 100USDT above if it breaks.
but as we can see it is making Bullish Flag Pattern in 1hr chart we can expect downward fall from the current position if it breaks 90 - 91 USDT support
Note: DYOR
Luna looking like a good long set upFolks are saying the price target is 109 but I really don't know. All I can tell is by volume and how its holding along with RSI pattern... this is more long than short. Be careful though. It's definitely a spot trade.
Will be updating as I go.
This baby about to liquidate tf out of shorts. The elites are bitches for this one lmao
I am an intutive trader, I trade via spiritual shifts as well. Sounds bizzare to the standard but if you are reading watch. Manifesting abundance to all that remain righteous. Lets get this money.
That's it for LUNAIm sharing my scenario for LUNA, just ended the first grand cycle, after ath
on my counting wave 5 ended after ath, on March 10
Now we'll see Luna correction, BIG ABC move coming
wave A just started, wave 1 of A is done, now luna is on wave 2 as a "retest" and continuation down
i'll wait the end of wave 2, and try to catch short position
Invalidation for short, above wave 5 so (104.7 ish)
LUNA reversal shortLUNA had double top reversal pattern on daily chart. After hitting ath, price broke structure to downside indicating a reversal. Price is currently forming a head and shoulders reversal pattern. Also, after move lower, price retested 50% fib level and resistance and has wicked to the upside indicating bears coming into the market
up coming head and shoulders !!!We have an incomplete head of shoulders on the daily , the correction to the 75 levels, then the right shoulder will complete at the 92 ~ 96 levels, then the deep correction that I talked about to the 52 levels,
I think this is a good area to enter for those who missed entering
what do you think. have a good day
BTC/USDT : 4H : TA : 2022-03-13Support and strengthening areas are marked on the chart. Supportive trendline and resistance trendline are specified. There is a possibility that the price will fall to the downtrend or rise to the uptrend.
I hope my analysis is useful, thank you for your support.
⏳update
👸raiN
📅Sunday, March 13, 2022
🤷♀DYOR