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Lunc

Coiled UpLUNC is all coiled up and ready to break out of it's symmetric triangle. The asset is near the end of the pattern and could break in either direction. I would say that it will correlate with Bitcoin and the rest of the market but that has not been the case lately. I am leaning towards the bullish side, seeing the 60% retrace the asset just had and the retest at $0.000240 painting a double bottom. Also, the fundamentals of the upgrade with a 1.2% transactional burn implemented into its protocol. From a technical point of view it's really interesting to have all of the data before the whole situation. With a large cut in supply I could see LUNC retesting resistance between $0.20 & $0.30. Crazier things have happened in this space, like LUNA falling from $100 to nothing in the first place.
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by RighteousTA
5
TERROR LUNA CLASSIC In Freefall Down to .00013 Wicks to .000088LUNA classic has been in free-fall since reaching its high. It broken through all major support and the downtrend continues. There is a drive of hidden bullish divergence on the hourly so a bounce today and tomorrow up to .00026-.000275 is possible and likely before being rejected at resistance again and continuing its downward journey. There is no real support after .0002, so once .0002 breaks and we get into the .0001's then the panic selling will occur and we will drop fast down to the next major support around .000144. I don't think .000144 will hold for long before LUNA slams down to really strong support around .00011. A stray wick could push down to as far as .000095-.000089. This is not trading or financial advice this is just my opinions and speculations based on TA and FA of my own. MACD ON THE DAILY : STRAIGHT DOWN RSI ON THE DAILY : STRAIGHT DOWN
Short
by Bitgolder
22
LTC LITECOIN USD MOST EPIC BULL PENNANT IN CRYPTO HISTORY! $10KI have said this before and I will say it again, Litecoin is about to go parabolic and if this bull pennant / flag I am seeing on the 1 year all the way down to lower time frames is gigantic. If this flag plays out its going to be epic. Can you imagine a $10,000 dollar Litecoin? I sure can! Just wait and see. Litecoin will be back under Bitcoin real soon like it has been in the past. Dont sleep on this one, the low is in for Litecoin and the face ripping rally is about to start, wait for some news for major Litecoin adoption, that will be the catalyst. . This is not financial or trading advice this is just my opinion. Thank you
Long
by Bitgolder
6
LTC LITECOIN USD MOST EPIC BULL PENNANT IN CRYPTO HISTORY! $10KIve said this before and I will say it again, Litecoin is about to go parabolic and if this bull pennant / flag I am seeing on the 1 year all the way down to lower time frames is gigantic. If this flag plays out its going to be epic. Can you imagine a $10,000 dollar Litecoin? I sure can! Just wait and see. Litecoin will be back under Bitcoin real soon like it has been in the past. Dont sleep on this one, the low is in for Litecoin and the face ripping rally is about to start, wait for some news for major Litecoin adoption, that will be the catalyst. . This is not financial or trading advice this is just my opinion. Thank you
BINANCE:LTCUSDLong
by Bitgolder
12
LUNA CLASSIC LUNAC Breaking News For LUNA! BINANCE NO BURNS!There was a live AMA just a few minutes ago with CZ of Binance. He just smashed everyone's hopes of off chain burns, and Luna is now dumping. No trader in their right mind would ever trade Luna with that type of burn. Cant steal from Peter to pay Paul. I told you guys this would happen, and if I was you and I was still holding bags, then I would take profits now before Luna dumps down to .00008 and everything is lost. There will be heavy selling coming soon. Once Luna breaks .0002 then everyone will get scared and dump at the same time. Luna burning at the rate its burning now on chain will take 20 years to burn down to 10 billion. If CZ of Binance is not going to support the off chain burns then no one with any decent volume will either. Hype is over, time to move on to the next hype coin! We broke support and next support is down at .00014 on the 4 hour and then .000085. I hope everyone is able to take some profits before this thing hits the floor. They should have named this coin TERROR LUNA for how much its terrorizing people. I wish you all the best of luck. This is not trading advice, this is just my opinions and speculations. Thank you
Short
by Bitgolder
31
Lunc will go the moon (2000%+)Everything we saw was a script, Binance has 40% lunc, and cz will support off-burn later. Everything is for hype. Who has more Lunc, and who has the motivation to increase the price of lunc. When the party will start ? Maybe tomorrow or later, when most people donot believe lunc. When the party will end ? When most cex support Lunc burn off-chain ( maybe 3 or 4 weeks later). Lunc price will touch $0.006+(2000%+). Hold is never easy, Good luck.
LLong
by haishinage
16
LUNC ON SUPPORT. WILL WE SEE A REVERSAL?Check out the trade plan for LUNC today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! LUNC on important support where we should keep an eye on this level to identify if the price is looking for a bullish reversal or a bearish breakout. I am expecting a decent pullback to happen in this area as we have seen some buying interest formed in previous price action. I have pinned some important levels where we can keep our take-profit limits on a bullish reversal in the short-term base. We have seen a nice correction so far with my previous analysis as mentioned with the 5 wave theory.
LLong
by traderchamp_
1
Terra Classic LUNC Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum . With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week. LUNC/USDT short Entry Range: $0.0002300 - 0.0002500 Take Profit 1: $0.0001700 Take Profit 2: $0.0001330 Take Profit 3: $0.0001120 Stop Loss: $0.0002820 previews short signal
Short
by BuySellMarketMaker
1
LUNC 4h diversion on RSI versus PriceLUNC drops more than 50% from the big parabolic move it made over the last few weeks. 1) When we use the Fib Retracement tool we can see that LUNC sits on the 0.618 golden ratio which is a perfect trace back from this parabolic swing. 2) When we look at the 4h LUNC-BUSD chart we can see that LUNC sits in a symmetrical triangle which most of the time breaks out to the top. 3) We also see on the 4h candles a diversion on the RSI versus Price. RSI goes up, price goes down which indicates that the price will go up. 4) Not visible on this chart but LUNC finds almost support on the 4h 200 moving average. Also a positive indication. Now that the 1.2% burn tax is in place we see some low burning values. A lot of people expected more of it and started to selling their LUNC. As long Binance did not published an announcement if they will support or not support the 1.2% tax burn on their spot and leverage trading I will hold my LUNC. Be aware, when the announcement is negative we could see a big dump. When the announcement is positive all other CEX will follow and we will see a big pump. Personally I will hold, but I have some stop losses in place in case of the negative outcome. !!! Don't forget to get profit in time or set alerts/stop losses. You can always buy it back when it is tracing back up. The chart will not go up in one straight line. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
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by seoco
10
LUNA CLASSIC HYPE IS OVER FOR NOW >> Target .00013Im sorry guys but Im not very bullish on this chart. This is looking bad to me. Its the same type of hype run and correction is had back a couple months ago. I show that in the chart, that the previous run up from its lows to its high around .00017 it ran about 100% and then corrected down almost 35% after breaking the trend line support but an overall correction of 46%. On this rally Luna did a 500% run and has now corrected down to a similar support trend line as the previous run. The fractals are very similar, and fractals within the same asset usually play out the same too. So on this correction after the break of the support trend-line I predict a drop about 50% from where we are now, and a total of 75% before this correction/consolidation is over. I think that probably around mid October Luna will have bottomed out and starts its next run up. I think the correction on this run will be greater because the rally was also 4 times what the previous one was so the bigger the rally the bigger the correction. So I think .00017 will be a nice level to start buying, there may be wicks even lower to around the .00013 and 14 levels so have a couple buy orders there too. Sorry guys I wish I had better news, but the chart looks terrible and the news isn't that great either for the whole market and Luna specifically. The hype is dying down along with the volume in trading. Also the burns aren't as cool as everyone made them out to be (even I fell for it for a bit) . At the rate of burning now it looks like Luna will burn 75% of its supply in around 15 years. That is not very good especially if you expected a dollar by the end of the year. I don't think Luna will reach a dollar anytime soon, unless we have a major surprise burn catalyst like multiple exchanges burning transactions taxes etc which I don't think is going to happen, or some philanthropist comes out of the woodwork and says they are going to burn 50% of the Luna supply in one shot. I fell for the hype a too but I managed to make 350% on the last rally and I traded the bounces all the way down. There might be a big pump but itll be fast and brief, not sure how high but there is some bullish divergence on the 2 hour. The Daily macd is straight down adn the RSI is headed down as well. This is not trading or financial advice this is just my opinion and speculations. Comment below and let me know which way you think the price goes from here. Thank you and good luck.
Short
by Bitgolder
6