LUNCUSD
LUNC - Trend Reversal I am suggesting a reversal along the parallel channel that can be drawn extending from LUNC bullrun and through its bear run, this channel top will act as support
Bars pattern placed is similar to price action seen in August 2022
Hourly Chart
Reversal Potential
A trend reversal on this timeframe would be massive for the bulls
is Luna Classic LUNC still bullish?since my last idea on LUNCUSDT, some of my expectations have come true.
a person commented on my last idea, that the price will go to 37 then falls to 22 and at last goes up to 120
my expectations are clear on the chart, sorry for the messy environment
increasing in the volume indicator, shows promise that the price will go to 37 area again
and then, I think we can go down, and be in 22~24 price range.
hope you succeed
DYOR
Luna - will the buyer prove his point? Locally you can see the appearance of purchases on the instrument. There is a progress result and volume bursts on the buy bars. There is a possible test of the upper border of the Buy zone; if the test is successful, we can observe how the price behaves when resuming purchases. Then we monitor the resumption of movement and assess the strength of the buyer when approaching the sales area.
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LUNC - The potential road to recoveryG'day,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. LUNC Burn
5. Information on Lupa.
A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Short due to the overall monthly supply in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - shorts are held.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bullish move. The Technicals at play during the current time will be extremely dynamic - however the pathway has established a strong demand. Now the slow process is gearing up.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Orange = Daily
White = Structural move down
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Daily chart
Price has been squeezed once the floor and has also provided analyzing structure where a Symmetrical pattern had created the strong upside which was presenting itself.
The latest - price has created a Pivot demand for a single candle creation - at 0.00017XX lows. The previous supply had also established a pivot single candle rejection from the 0.007X and rejected.
Potential channel breakout
Structure left - does not provide much help in this instance where the Floor Cap has been created.
However key takeaways on the
Four day Demand
Price has established a nice pivoted demand which on the 2-4 day chart has indicated a PCP zone which is now a FL zone (subject to price action and confirmation rules). The pink line represents the imbalance where price has successfully closed out with the high at 0.00017XXX
The Four day chart eradicates the noise - all be it at current the price action is still currently forming so this technical analysis is still early, however a strong floor has been created and price action. The technical patterns thus far have created a 'Strong engulfing candle' which allows the impulsive pattern and a great slow tail off in a corrective pattern forming, allowing the low to form which aligns with structure (looking left). Key lows - have formed at the weekly zone.
Weekly
Weekly candle of pure drama where the collapse occurred with failure to peg the stabilize UST and Luna with collateral as BTC holdings. The minting and burning of converting Terra to Luna also contributed to the price collapse with a death spiral with the ever increasing supply being created. The balancing mechanism provided a clear imbalance which needed addressing but failed to be maintained. This has lead to the new Luna Classic token to be established with holders converting previous Luna Tokens being converted into Luna Classic or LUNC.
Token Burn tax of 1.2%
"Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for on-chain transactions of LUNC and USTC on Terra Classic network." - creating this burn taxation upon deposits, withdrawals will allow the overall supply of tokens circulated to create a scarcity as now a finite ever reducing supply is in effect. The demand creation from said shrinking supply availability like BTC possesses will in turn create a bullish demand for holders and in the long term price action will be reflected to price points (all be it, target prices will vary) due to a multitude of variables such as, inflows, volume traded, staking of coin supply to remove from circulation, time, holders to maintain longevity, supply reduction and transparency).
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LUNCUSD ❕ broke up the downward channelLUNC has broken up the downward channel and is now trading in the liquidity zone.
Price has also broken up the 200MA (4H TF)
The asset may continue to move in range, but I expect upside on a breakout holding price above resistance.
Trading Signal For LUNCBUSD (Update)Trading Setup:
A Trading Signal is seen in the LUNCBUSD Terra Classic
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 0.00026875
⭕️SL @ 0.00023186
🔵TP1 @ 0.00040437
🔵TP2 @ 0.00046525
🔵TP3 @ 0.00055048
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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Luna in search of a strong buyerFor the current period of time the sales continue in search of a strong buyer at lower prices.
On the chart we see a pronounced downtrend with a weak resumption of buying.
This trading range, which was formed in 14 days, tells us that it is possible to fall even lower from the current price levels.
Through the strong imbalance in the current instrument we saw one strong impulse up with the absorption of sales,
the impulse that could not break through the sales area indicates to us that there is no buying interest at the moment, so we can conclude that the next area of interest
be within the lower boundary of the trading range.
LUNC daily 3 line strike!!On the daily chart we have a confirmed bearish 3 line strike pattern confirmation. Don't let the name fool you it's actually a bullish pattern. The 3 line strike is a reversal pattern normally appearing at the end of a trend. We should be poised for more upside in the coming days and weeks as this marks the possible bottom for LUNC. The RSI on the daily has came off the massive overbought territory and has now creeped back into the bullish control zone. The MACD is also showing hidden bullish divergence
Terra LUNC | Last chance to sell before it crashes again!
LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great!
Also, you can enter a short position on the futures market to profit from this upcoming move to the downside.
This chart is definitely not bullish. I see a big bearish downtrend that is in progress.
The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit.
According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside.
My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC.
In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower.
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luncusdt 4h updatelunc token currently cannot brok his its resistance but i am expecting soon its broke now its local resistance.
but at this buying of this token is not so good its dengerouse so waite for confirmation its support or resistancce area.
if it broke its local resistance then possible we see another pump under lunc token.
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.
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
Possible Wyckoff Accumulation range on LUNCTracking this possible range of accumulation a bit early but it looks like we've hit a secondary test (ST) in phase B and possibly going into phase C with the last point of supply (LPS) being accumulated by holders and market makers. It goes with the narrative that everyone just jumping onboard with staking and becoming a validator node for the network.
Terra Classic (LUNC) formed bullish Gartley for upto 18.50% moveHi dear friends, hope you are well, and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
Previously LUNC reversed bullish without completing the final leg:
This time on a 4-hr time frame, LUNC has completed a bullish Gartley pattern.
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
LUNC/Usdt Elliott Wave count 1H TFLunaC is moving up into a WXY corrective pattern.
Zigzag for W, triangle X wave and after break triangle will strart wave Y.
Enter long on the break of the up triangle resistance. Targets 0.00035875 and 0.000395.
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LUNA movement analysis. LUNCUSDTHello my friends, Everything is clear on the chart for you like always. The price reached its two targets and has the potential to reach target 3.
Good luck.
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Terra Classic LUNC - Last wave before a dump! | Elliott Wave
LUNC is now a very hot altcoin, but it looks like the uptrend will end very soon.
If you want to buy LUNC, then wait for a pullback, at least to the start of wave 4.
As per my Elliott Wave analysis, this huge impulse wave is pretty much done because we are in the last fifth sub-wave.
As you can see on the chart, wave 2 was a triangle. You may say that wave 2 cannot be a triangle because it's on the public internet as a rule. But this information is incorrect. Wave 2 can be a triangle, wave 3 can be an impulsive diagonal, and sometimes wave 3 can be the shortest wave, believe it or not.
I think LUNC will go much higher, but first we should have a correction that can last a few weeks or months.
Elliott Wave theory is a very powerful technique when volatility is high. On the other side, when the market is going sideways, it's losing its power.
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Terra Classic LUNC - More downside is coming! | Elliott wave
The bull party for LUNC is over, and now we need to regain strength again at lower levels!
Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation.
Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales.
Better to short it on the futures market to make some money or just stay away. That's my recommendation.
I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss.
As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside.
0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend.
I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below.
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