LUNC is reaching oversold zoneHello Friends,
We are seeing some downward trend in lunc busd.
In my opinion and as I read the charts I see that it is reaching the oversold zone in both 1 hour and 4 hour time frames. However, because of merge it can move in any direction following bitcoin. So, it is important to keep an eye on bitcoin, merge and how the market reacts.
#DYOR
Luncbusd
Looks like Wave 2 completedHello all,
Looks like the wave 2 is completed.
Price spiked at the middle line of Keltner Channel and its exactly on same spot of Ema20 on 1D Chart.
We need to close/open today with a buyer candle to reverse and go to wave 3.
Looks like it is a whale dumping/manipulation before the 1.2% tax burns starts.
Hold strong LuncArmy.
NFA.
Good trades
Is the wave 4 correction over?As you know, all degrees of trend are always operating on the market at the same time.
Wave Degrees:
Primary: Wave 3 (larger degree),
Intermediate: Wave 4,
minor ABC: Wave B,
minor Wave:
Buying opportunity = $ 0.000415
Intermediate wave (wave 5):
Target = $ 0.0014
Short LUNC (*to zero....)LUNC - still not late to the short game (do NOT overleverage)
The driving force behind the pump was the *burn mechanism - but even basic analysis shows that if CEXs don't onboard the burn mechanism the daily loss will be around $55k which for an inflationary token with a $3Bn market cap is Nada (note daily circulating token inflation is around $155k)
The *burn narrative - using pre-tax usage number to extrapolate post tax figures is bad maths. Application of the tax reduces LUNC utility as a chain compared to peers to essentially nil.
There are big holders - unlocking around $2.5m USD per day leading up to the 15th Sept. They're going to sell into this panic.
20th is burn day - most certainly sell that news but I'm positioning earlier than most.
Expect volatility, there WILL be a short squeeze, position accordingly and don't use leverage.
SL is pico top. TP 1 and 2 marked.
Happy hunting.
TERRA LUNA CLASSIC cooldown potentialAs the total crypto market cap and BTC approach an almost year-long resistance level and an also ascending trendline in the coming days or weeks it is time to think about possibilities of either breaking up from there (truly or just in a fakeout) or turning down from those levels.
Considering what the charts show us on TERRA LUNA CLASSIC and thinking about the fundamentals - I am speaking about known facts and not the promises and hopes that may or may not come true - I wish to discover the potential downside of this token in the coming weeks or months. I may be wrong of course but I am considering taking some profits on the tokens I luckily managed to buy at way lower prices.
From a technical perspective we can see that an ascending head and shoulders was drawn perfectly. Though this pattern is not as strong as a horizontal one it still has some potential. We can see that the neckline has recently broken down and the price has been stopped on the immediate support trendline just underneath. Now the question is whether this line will hold or not. It has a likeliness so I would caution anyone to short the market right now but I am prepared to place a stop-sell order somewhere under the trendline with a safe stop-loss somewhere above it.
Another fact that reinforces my thesis is a past local high around $0.00017 that was broken but not yet retested. As you can see the current break of the neckline with the measurement of the head top and neckline distance would take the price exactly back to $0.00017. That or somewhat above that is where I would take my profit on the short position.
Feast start, Lunc will go to the moon (1500%+)After a short hard journey, Lunc will restart to go to the moon.
The final stage will be very crazy beyond most people expectation.
Lunc will touch $0.006+ (1500%+).
Hold is never easy, Good luck.
LUNC case for perfect BULL RUNBINANCE:LUNCBUSD
Here is what I think about the LUNC token:
>> While vast majority of traders fear of a fall, I think there is also a bright part of it. As most of the whales had their purchases made at the bottom of the chart, it was reasonable to expect such price retracement (they already made 10-20x on a token)
>> Also there is no reason to push a price up until BURN TAX goes live. If price was too high, the burning process would be much slower, so there is a reason to keep a price low a long as possible for now.
>> For the further growth it would be great for a price to reach an imbalance zone and only after push the price up.
>> other scenarios are pretty bearish :D
I WISH EVERYBODY TO REACH THE MOON ;)
LUNA CLASSIC BULLISH ?!Luna Looks very Bullish to me in my opinion it can rise 50% + soon
What do you guys think ?! Lemme know :)
Trade safe :D
LUNC looking to move back down to lower prices Following the huge pump which has got many crypto bulls excited we can see a head and shoulder pattern on the hourly and 4 hourly chart.
If we use the rules of the head and shoulder pattern and take the measurement from the top of the head down to the neck line, this is technically the downwards target we will see once the price breaks the neck line.
I have price targets of 15 where i will be loading again.
Currently took profits at these levels.
The game has just begun. Lunc will go to the moon.The burning day has changed to 9.20. So lunc price will go higher than before.
The price touched $0.000595( the previous high on 5.14), and then reteated.
After a short adjusted, Lunc price will go to $0.0024+( 4x+) form now to 9.20( The burning day),
Maybe more surprice will come. The game has just begun.
Hold is never easy, Good Luck.
Lunc Correction is ending imowell after a few days in rally it is normal to do some corrections, its healthy.
The correction hit exactly the 0.38 fib in my chart and now i think its time to see some pullback.
I believe that Luna profit will be used here in Lunc.
NFA but is that what im expecting for Lunc, at least test again the ATH and break it.
Good trade you all.
Feel free to leave coments.
shark harmonic on luncwe got a bearish dragon with a confirmation break at the blue color line, a BAMM (bad action magnet move) confirmation break at the green line, all withing a bullish shark harmonic. If those line break we will be going to the D leg of the harmonic. Target 88.6 to 1.13% retrace
LUNC i want to see 50 -70 % FINAL PUMP I want to see the final pump for unloading positions. It will be logical
LUNC SPOT Idea ( Short term ) 💡Hello, TradingView community and my subscribers, please if you like ideas do not forget to support them with your likes and comment, thank you so much and we will start.
Today I want to share my opinion with you about Terra Classic
LUNA Classic next entry level! Here's a quick Look at LUNC 30 min chart.
The best entry would be when the price breaks above 0.000451$ with a good amount of volume.
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The idea is: Buy when the price breaks above 0.000451$ and take profits at the levels shown in the chart.
Targets:
1. 0.000465$
2. 0.00048$
3. 0.0005$
4. 0.00052$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
LUNC did made an ATH as I Suggested!Hi guys,
A couple of days ago I made an analysis on LUNC/BUSD, where I pointed out that a Bullish Pennant pattern is forming on LUNC/BUSD chart.
(Watch my previous Analysis)
The Price of LUNC successfully breakout the Pennant pattern in upward direction & moved to a new All Time High.
That's a 70%+ profit.
Congrats if you took entry after the breakout.
Don't forget to like the idea and Follow for more easy trading ideas.
Thanks.
Lunc will climb a new peakThis is the best time for Lunc. And it will climb a new peak from now to 9.12(The burning day).
If Lunc market value return to Top10, It will pump 3X+ (from $2.6b to $8.7b),
And the price will reach $0.00135+.
The journey will be very difficult, The price will fluctuate dramatically.
Hold is never easy, Good Luck.
Terra Classic rebirth ?? (LUNC)After going from almost $100 billion in TVL to around $10-15 million currently, Terra Classic seems to be on the rise again.
The Terra Rebels, a group of former validators wishing to continue on the original blockchain, decided by vote to implement a "burn" (a tax) of 1.2% on each transaction (except when providing or withdrawing liquidity, or stake) in order to go from a supply circulation of 6500 billion LUNC (!!!) ---> to less than 100 billion tokens, hell of a surge!!
Staking has been activated since yesterday, and burn will be activated in mid-September, maybe a little before...
So why not put a small coin in it and play this "Rebirth"?
Technically, no clear trend, normal at the same time for a token which saw its supply multiply by more than 6500 in a few hours ^^
So there could be nice returns, but BE CAREFUL (stay safe, not too much exposed). Peaaace
LUNC targets*log scale
Terra Classic is rising from ashes. It broke out of this triangle📐and my targets for longs being as follows:
- TARGET1: height of the triangle projected from midpoint of the local range @ 0.00017090
- TARGET2: resistance @ 0.00025600
- TARGET3: resistance @ 0.00033200
Check my recent LUNC short-term trade 👇
Just a reminder how not being greedy can pay off 👇
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
an hour ago
LUNC IDEAWould like to see lunc/busd breakout of the s+r zone. We are not sure how high this could go with no previous history.
LUNC about to go higher!Here's a quick Look at LUNC 1 hr chart. As we can see, the price has been forming a bull pennant and a break to the upside could be around the corner. If BTC goes south, then this setup won't be relevant.
The best entry would be when the price breaks above 0.0000255$ with a good amount of volume. One to keep an eye on.
-------------------------------------------
The idea is: Buy when the price breaks above 0.0000255$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000265$
2. 0.000028$
3. 0.00003$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Surprise will go on. Lunc will go to the moonAfter a short adjustment, Lunc will continue to climb new heights.
The target price will reach $0.0008 at least, Maybe it will give us more surprice.
And the time is more important, Lunc will pump from now to 9.12(the burning day)
Hold is never easy, Good luck.
Terra Classic (LUNC) completing bullish Shark for upto 49% pumpHi dear friends, hope you are well and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
In a 1-hour time frame, LUNC is about to complete the final leg of the bullish Shark pattern. There is also a hidden bullish divergence, as the priceline is forming a higher low, and Stochastic is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
