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Lunc

LUNA CLASSIC > DIGIBYTE POSSIBLE FRACTAL, TOTAL SLAUGHTER!LUNA CLASSIC AND DGB DIGIBYTE HAVE A SIMILAR FRACTAL Back in early 2021 the hype for Digibyte was huge. There were so many videos, you-tubers, articles, Trading View popularity for DGB and what happened? it correct more than 90% from its hype high. Yes I understand that DGB doesn't have a burning deflationary mechanism but the emotion is still there. Im not saying that this will happen with Luna I am just pointing out the possibility. No one thought DGB would drop back down to under a penny when it was at $.18 cents or even 10 cents or even 5 cents, the true believers, the hardcore DGB fans, diehards, kept on with the positive news and sentiment as long as they could. Then they couldn't anymore, and the hardcore fans and true believers sold, then the diehard investors sold. What if the burns for Luna dont go as planned and they have to postpone them, or they are nowhere near what everyone has hyped them up to be? Need to be mindful that this type of hype and fomo usually leads to serious disappointment and depression once its over, and everyone comes back down to earth. Luna went up a lot and in quite a short period of time from its low, and from my experience in this market is, if it goes straight up then it usually comes straight down unless there is some real world adoption, or white swan (my opposite version of black swan). For now there is no real world adoption, the chain is working but is still in the break in period and need lots of work to regain investors trust. Most investors wouldn't touch Luna with a ten foot pole, especially big money, after that collapse and the USDC still un-pegged. I also don't think the burns on trading transactions on exchanges will ever happen, at least not on high volume exchanges, maybe some no name exchange will do it to get in the news. Its too much of a loss for the exchange and no trader with half a brain would bother to trade it with that type of tax. You cant strong arm exchanges and boycott them for not complying with the requests from Luna, its just a bad look. People need to be realistic and patient. Why not focus on real world implementation instead of yelling at everyone to burn the coins, that would really bring the price up as well. Either way Ill be trading this all the way down or if we're lucky all the way up. LIKE, AND FOLLOW ME FOR MORE FREQUENT UPDATES. THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS, SPECULATIONS, AND WHAT I AM DOING. THANK YOU FOR YOUR SUPPORT, I HOPE YOU ALL HAVE A WONDERFUL DAY.
Short
by Bitgolder
12
LUNA CLASSIC LUNAC Trading Within Triangle, FOMC=Direction!LUNA Classic has been trading within this Triangle for a while now. The triangle will resolve I believe today or tomorrow. We will see whether LUNA can break the triangle to the upside or not. There is a couple things going on today like the FOMC meeting and LUNA starting its burns. So here is how that is going to work. The Fed raising rates by 75 basis points is priced in. The burns for Luna are also priced in. If the Fed raises by 100 BP then Luna and the entire market is going to tank for a bit, Luna will probably fall to previous support around .00024 and then we will re-visit. If the Fed raises by 50 BP which is lower than expected LUNA will rally along with the rest of the market, and LUNA might make a run to previous resistance around .00039 and then we will re-visit. If the Fed stays the same and people are happy with the burns then Luna will trade kinda sideways for a bit I think ranging within .00024 and .00029. If the burns start and the math is done to show that it may take many years to reach the 90% reduction that everyone wants then Luna will dump pretty hard regardless of the FED meeting. If the burns show that the supply could fall quite quickly and not take that long then LUNA will probably make a decent rally at least to previous resistance at .00039 and then we will re-visit. On the lower time frame I think we will see a run up from current price around .000285 to the top of the triangle around .00031. Volatility is expanding and the MACD is coiling up to break to the upside on the hourly so this move will happen within an hour once the resistance is broken around .0002905. Please note that Symmetrical Triangle patterns once formed break in the direction of the current trend as a continuation pattern. The current trend is down and corrective, so the chances of Luna breaking down is more probable than an upside break. As you can see back on September 1st when we had that nice pump, a symmetrical triangle formed and it broke to the upside because we were in an uptrend. Also the current Symmetrical triangle has a slight upwards angle which could make it a rising wedge , which is also very bearish and most likely a break to the downside. Thank you all for your support, please like and follow if you appreciate my charts and content. This is not trading or financial advice this is just my opinions, and speculations. I hope you all have a wonderful day. We Broke above resistance at .00029 at time of writing this so a move to at least .000305 - .00031 is imminent.
by Bitgolder
3
LUNA CLASSIC LUNAC Trading Within Triangle, FOMC=Direction!LUNA Classic has been trading within this Triangle for a while now. The triangle will resolve I believe today or tomorrow. We will see whether LUNA can break the triangle to the upside or not. There is a couple things going on today like the FOMC meeting and LUNA starting its burns. So here is how that is going to work. The Fed raising rates by 75 basis points is priced in. The burns for Luna are also priced in. If the Fed raises by 100 BP then Luna and the entire market is going to tank for a bit, Luna will probably fall to previous support around .00024 and then we will re-visit. If the Fed raises by 50 BP which is lower than expected LUNA will rally along with the rest of the market, and LUNA might make a run to previous resistance around .00039 and then we will re-visit. If the Fed stays the same and people are happy with the burns then Luna will trade kinda sideways for a bit I think ranging within .00024 and .00029. If the burns start and the math is done to show that it may take many years to reach the 90% reduction that everyone wants then Luna will dump pretty hard regardless of the FED meeting. If the burns show that the supply could fall quite quickly and not take that long then LUNA will probably make a decent rally at least to previous resistance at .00039 and then we will re-visit. On the lower time frame I think we will see a run up from current price around .000285 to the top of the triangle around .00031. Volatility is expanding and the MACD is coiling up to break to the upside on the hourly so this move will happen within an hour once the resistance is broken around .0002905. Please note that Symmetrical Triangle patterns once formed break in the direction of the current trend as a continuation pattern. The current trend is down and corrective, so the chances of Luna breaking down is more probable than an upside break. As you can see back on September 1st when we had that nice pump, a symmetrical triangle formed and it broke to the upside because we were in an uptrend. Also the current Symmetrical triangle has a slight upwards angle which could make it a rising wedge, which is also very bearish and most likely a break to the downside. Thank you all for your support, please like and follow if you appreciate my charts and content. This is not trading or financial advice this is just my opinions, and speculations. I hope you all have a wonderful day.
KRAKEN:LUNAUSD
by Bitgolder
4
ANC: GOLDEN TARGETS Since the before indicator chart for the expecting increase on ANC long term. This is a target list with expecting targets. Targets The most important target is between 0,15 and 0,18 second target will be above 0,20 - 0.28 3rd Target is around 0,35 - 0,40 The last target and its golden target that could entering above the 0,43 -0,50 ANC is a coin where it can show that there is no high volume - but it depends on whale interest. ITS a coin what can increase with whale increase, and most of times this will happen unexpected. The indicator shows interest for long term increase see below chart. This is not a trading advice. Crypto have a high of risk when there is no risk management.
ALong
by Goldenbreakout
2
LUNAC LUNA CLASSIC Luna Is Losing Steam! Heavy Selling Coming!Luna has been bouncing up and down within some support and resistance levels for a couple days now. I said yesterday that we would drop down to about .00026 and that happened. We didnt get down to .00024 because .00026 was decent support. Bouncing back up to .00029 and now we are ranging within those two levels. The larger head and shoulders has been formed and now Luna is bouncing off the neckline support fo the head and shoulders. If Luna starts trading below the neckline and closing hourly candles below then expect a significant drop down to .00016 minimum. If .00016 fails then we will probably see another 50% drop down to previous lows/support around .00009 ish . Invalidation of this large head and shoulders would be if Luna starts trading above .00035 and closing at least 30 minute candles above that. I don't see that right now because volume is weak, and the market in general is bearish at the moment. Good luck out there everyone, this is not financial or trading advice this is just my opinion. I update frequently, so follow me for more. Thank you On a lower time frame 15 minute chart, Luna has formed a W formation. This is a bullish pattern and a measured move would bring it to about .00032 if the pattern is validated and completed. See below:
Short
by Bitgolder
33
LUNA CLASSIC LUNC Classic Double Top Forming, Target .000265Luna made its pump I said it would make in the previous chart chowing the W formation. It pumped exactly to where I said it would. It then correct and had another pump but the second pump failed to get above the previous pumps high so now Luna is forming a double top on the 30 minute and 1 hour time frame. indicators are showing weakness still. My short term target is .000265 over the next couple of hours, in which At that time Luna will have created another head and shoulders (i will link another image below showing that head and shoulders potential forming. A measured move from that head and shoulders down will be around .00019 mark and with little support in that area I think a further drop down will follow. One this downside break starts its going to be swift. Luna could lose 50% within an hour or two so you need to be quick. For now though lets hope the .00026 and the .00024 hold and hopefully that head and shoulders will be invalidated. Good luck out there my friends, this is not trading or financial advice. Give me a like and follow me for more updates. Thank you.
Short
by Bitgolder
4
LUNA CLASSIC LUNC : Small Bounce .00032 Complete, Down From HereLUNA has completed the measured move of the W chart formation I showed in the previous chart. It was just a little rally, nothing too serious. Resistance still not broken and still lower highs. Its breaking down from this pennant, and ironically this pennant has yet another head and shoulders. That measured move would bring Luna back down to .000285, and probably further down back down to .00026 ish level. The Daily MACD is still straight down so these little rallies are nothing to get wet over. I still believe that if we break the neckline of the giant head and shoulders on the 4 hour and close below it then we are going to see a drop down to .00015. I we can break above resistance at .00035 then we will see a nice rally to just below all time highs and if we can sustain that then new highs but thats not likely at this time. This is just my opinion not financial advice. Follow me for more updates. Thank you
Short
by Bitgolder
12
The final sprint, Lunc will go to the moon (2000%+)According to the chart, The stoch RSI is in oversold state, Last time the blue line go through the orange line, Lunc price from $0.000085 to $0.000595 (750%+), Now the blue line go through the orange line again, The elliott wave E will more crazy than C, Lunc price will touch $0.006+(2000%+), Maybe more surprise will come( touch $0.009+). Wait patiently for all kinds of good news( such as binance will support Lunc burn off-chain ) Hold is never easy, Good luck.
LLong
by haishinage
18
LUNA2USDT: 3 Rising Valleys at PCZ of Bullish Deep GartleyWe have 3 Rssing Valleys at the PCZ of a Bullish Deep Gartley on LUNA2 ona significant Timeframe. If LUNA2 can start to make it back up towards to confirmation line above we could then see some accelerated movement to the upside. As of right now LUNA2 sits at the 88.6% Retrace from the last valleys low to the last peak's high so this would be a nice chance to try to get an early entry. with targets at the validation line and at 3.5 and the 61.8% retrace from the last high to low at $5.6
Long
by RizeSenpai
1
LUNA CLASSIC LUNAC .00028 Support Failed Next Stop .00026-.00024LUNA CLASSIC made the move I expected. It broke right through the .00028 level and is now headed down to .00026 and .00024 if that support fails. I think a small bounce at .00026 is probable and then I think we're continuing the downward trajectory to .00024 and then .00021. If we break below .00024 and close below that on 2 15 minute candles then we are headed to .00021 and then we will re-evaluate, stay tuned and follow for more updates. This is not financial advice this is just my opinion. Good luck my friends. P.S. I saw a 2 drive bullish divergence on the StochRsi so we may have a bounce back up to .000288 or so before the downside continuation.
Short
by Bitgolder
12
LUNA CLASSIC LUNC Failed To Get Above Resistance, Getting Weak!LUNAC hit major resistance at .00034 or so and it had a hard time getting above that. It broke down out of the falling wedge, invalidating the possible upside break. Luna then starting forming a rising wedge up to the bottom of the wedge it broke down out of and now that rising wedge has broken down. I see at least a move down to previous support around .000283 - .000287, we may have a small bounce there but I think its going to fall right through down to .00024 in the short term, probably in a couple hours. We may have a small bounce from this level back up to about .000303 and then slam down. The technical indicators are all looking bearish and weak from the 1 hour all the way to the 3 day. If LUNA manages to rally and close above .000303 then a move to .000307 is likely and then if we close above .000307 then a move to about .000316 is likely. if we break .000316 then we will probably rally to previous resistance at .00034 and re-evaluate at that time. Thank you for checking out my chart. This is not financial advice, this is just my opinion. If you like these updates then give me a like and follow me. Good luck out there everyone.
Short
by Bitgolder
4