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Luna Classic 🌓 🌔 🌕 Hello Traders, today I would like to analyze Luna Classic by plotting Fibonacci's Logarithmic Golden Spiral on the chart to identify on a daily timeframe what might be medium-term price targets. ❓First, what is the fibonacci spiral? ❓ I love to use this quote when I talk about it : "The golden spiral is a pattern created based on the concept of the golden ratio—a universal law that represents the “ideal” in all forms of life and matter. In fact, it’s often cited as an example of the connection between the laws of mathematics and the structure of living things. The more we understand the math behind the symbol, the more we’ll appreciate its appearances in nature and arts. " 🔴Target levels are marked in red by the horizontal lines on the chart while support levels are marked in green. 🔴Also I would like to add that the vote passed on the burn transaction tax mechanism on Luna which means that each transaction will add a 1.2 % tax and the amount taxed will be burned to lower the total supply; this mechanism will allow Luna to burn up to 10 B ( at this amount will stop ) in about 800-1200 days based on an average previous 24H volume. 🔴 Interesting is the data on Binance which is accumulating Luna ( seems they hold 40-46 % of total supply currently ) 🔴 Summarizing the targets/resistances in order : ➡️ 0.00022 ➡️ 0.00024 ➡️ 0.00029 ➡️ 0.00037 ➡️ 0.00050 ➡️ 0.00070 ➡️ 0.0010 ❌ Some financial stats according to CMC ❌ ❇️ Market Cap $861,201,854 ❇️ Fully Diluted Market Cap $910,907,485 ❇️ Volume 24h $466,631,760 ❇️ Circulating Supply 6,556.67B LUNC ❇️ Total Supply 6,906,229,037,364 Before investing or buying DYOR
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by IllyrianTrader
LUNA LUNC USD : LUNA + MATIC FRACTAL, LUNA COULD EXPLODE FAST!FOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS CONTENT. THANK YOU. LUNA CLASSIC Has had some new developments come into it over the past couple of days. Starship the largest Metaverse by size will be incorporating LUNA Classic into their project. LUNA will be used for payments in the Starship Metaverse, and from each payment 1.2% of the Luna will be burned. Depending on how big and popular this metaverse will be this could be huge for LUNA classic holders. The price of LUNA Classic will continuously go up over time because of the burn rate. Luna could eventually reach 1 dollar again in the not too distant future, maybe a few years or less and continue to rise as the supply of Luna is constantly decreasing. All it will take is another project to accept luna in the same way and burn as well and the supply of luna will go down rapidly, in turn increasing the price rapidly. I don't know what will come of this but with these new developments I will be buying into LUNA again and holding for the longer term. The risk to reward here is a no brainer at this point. I mean LUNA really hit people hard and it sucks, but this may be the driver and the catalyst for LUNA Classic to explode. If the community takes over LUNA and then DO KWON is found guilty of the crash etc, then his new LUNA 2.0 will crash to nothing and every project and platform on the LUNA 2.0 chain will migrate over to LUNA Classic because no one wants to support a crook. This could be massive my friends and this could be a once in a lifetime opportunity here. I sold out of LUNA back when it hit 12 cents and I said I was done with it but now with these new developments I believe LUNC has a chance to take off and get back into the dollar figures in the future. If 10 companies/projects work on LUNA Classic and all are burning coins the supply of Luna could rapidly fall and LUNA could be in the single digit billions supply fast. In the chart you will see a fractal from MATIC Polygon that is really similar to LUNC. After this rally/pump we may see another big drop and then off to the races. Matic dropped 70% in one night back in 2019 and no one knew what happened, and people were calling it dead, pump and dump, similar to LUNC. Matic then went on to rally from about $.01 cent (one cent) to $3. That is a 300x gain. $1000 bucks right now will get you about 8 million LUNC. Imagine if LUNA gets back into the dollar digits, you'll be kicking yourself for not spending a few bucks at these levels. Look at what happened to DOGE holders, multiple millionaires and a couple billionaires were made, and thats just one example of recent, there is hundreds of them. I am supporting this new LUNC community because not only do I believe it will thrive again, but also because I want people who lost everything to be able to get their money back some day, my heart aches for them. Good luck out there my friends and thank you. This is not financial or trading advice this is just what I am doing and my opinion. BELOW IS A DIRECT COPY AND PASTE ABOUT THE NEW DEVELOPMENTS ON LUNA CLASSIC StarShip is a quickly growing ecosystem built around a solid foundation of collaborative, loyal businesses and passionate community members. Their whitepaper opens with the statement that “community is at the heart of currency”, and the vibrant culture of partners and projects surrounding the StarShip NFT Game and StarShip’s strong liquidity pool pairings are already a testament to their dedication to this mission. Recently StarShip unveiled a trailer featuring actual in-game footage of what will be the largest metaverse in existence to date. Built on the powerful new Unreal 5 engine and boasting 32,000 square kilometers of buildable space, the size of this MetaUniverse will allow room for unparalleled long-term growth and opportunity. As a result of LUNC’s new collaboration with StarShip, LUNC will be implemented into the StarShip ecosystem as one form of payment within StarShip Universe, burning 1.2% of all LUNC received for these payments. In related news, the 1.2% burn tax mechanism put forward in LUNC’s Prop 3568 was successfully passed on Sunday. This will begin to reduce the supply of existing tokens as they are circulated, which comes as great news to its loyal holders. Finding a strong use for LUNC comes at an opportune moment. As StarShip welcomes the Luna community, this collaboration strengthens the foundations of both ecosystems.
KRAKEN:LUNAUSDLong
by Bitgolder
6
LUNCBUSD RALLY UPDATERE: My June 16 2022 Post Titled - LUNCBUSD- NEW CYCLE UNDERWAY! From June 8 2022 low of 0.00004123, am tracking 4 waves up of lesser degree as labelled in the graph above, Price above 0.00029000 May 30 High confirms Wave 3 is underway. Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
LLong
by Ola250
2
Will UST recover?Hi everyone, UST and Luna were interchangeable allowing UST holders to exchange 1 UST and mint $1 worth of Luna, and vice versa. UST’s model: 1. (No.1) UST > $ 1 -----> there is an incentive to trade $1 worth of Luna for one UST (why? because, 1 UST is always considered to be equal to $1) 2. (No.2) UST < $ 1 -----> there is an incentive to trade 1 UST, for $1 worth of Luna (why? because, $1 worth of Luna considered to be equal to $1 (Market Price)) What happened? (No.3) on May 8, when the price of $UST began to drop substantially below one dollar, the (Luna) Foundation began converting this reserve (80,000 BTC) to $UST. (May 8, 1 BTC = $32000, 80,000 BTC =$ 2.5 Billion) then, On May 12, Luna Foundation Guard swapped 883,525,674 $UST to 221,021,746 $LUNA Result: at least in my experience, what always happens is (this case): this takes some UST out of circulation, driving up the price of UST. In short: Will UST recover? yes! Money is not lost. It can be found through tracing!
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by BTC-XLM
6
Bitcoin next move Bitcoin price is about to exit the bearish zone of the Ichimoku cloud (red cloud) and to close above the Leading Span B line which indicates to a bullish movement in the coming days. I expect first a test for the 23k resistance then pullback to the ichimoku cloud Leading Span B line which will act as a support. 23k is not a tough resistance and most likely it will be broken very easy. Then Bitcoin will tackle a very strong resistance zone at 29k which is the Leading Span A of the ichimoku cloud on the Daily TF.
BITSTAMP:BTCUSDLong
by TradingZzone