luncusdt updatehey traders, its my 3rd movea on LUNV
Check the chart
Share ur chart and leave a comment
LUNCUSDT
LUNA CLASSIC LUNC > CZ BINANCE PRICE MANIPULATION > BURNS MATH!Hello everyone. So this morning CZ from Binance came out in a tweet and said that he would burn all the transaction fees from LUNA spot and margin trading. Now lets look at this for a minute. So first CZ tweeted he would support the burns making everyone think that he was going to implement the 1.2% burn on all the transactional volume on Binance, the price rocketed up. Then he came out and said he would not support the off chain burns and only the on chain burns, then LUNA dumped. Then he came out in an AMA and said he wouldnt be doing the 1.2% burn on the trading volume one more time, because for some reason there was alot of confusion about it, then the price dumped a little more. Then he came out and said the same day he would implement a feature to opt in to the burn tax for any trader who wanted to and then the price pumped a little. Then as LUNA came all the way down to the .618 around .00018 and Binance tweeted again this morning at 5:30 AM EST saying he was going to implement a burn mechanism to burn all the trading fees from LUNA trading and the price went up more than 50 percent in an hour. Shorts got liquidated and now on the drop Longs will be liquidated too.
So I did the math for you all so you can see how big of a deal or not a big deal this extra burn of the trading fees is
Average volume of Binance for LUNA currently is about 1 Billion daily. The total trading volume across all exchanges is an average of 2 Billion daily for now. This wont always be like this. The hype will eventually die down and the trading volume will diminish dramatically, maybe to at most 1 Billion daily across all exchanges. Now for the math, Im going to even look ahead and assume that all exchanges trading LUNA will follow Binance and Im going to round up the trading fee percentage to .2% although Binance is only .12%, because some exchanges may charge more.
2,000,000,000 x .2% = $4,000,000
$4,000,000 / PRICE OF LUNA = TOKENS BURNED
PRICE TOKENS BURNED DAILY BY ALL EXCHANGES
.0003 = 13,400,000,000
.0004 = 10,000,000,000
.0005 = 8,000,000,000
.0006 = 6,700,000,000
.0007 = 5,700,000,000
.0008 = 5,000,000,000
.0009 = 4,450,000,000
Lets do this with one less zero
.001 = 4,000,000,000
.002 = 2,000,000,000
.003 = 1,340,000,000
Lets do this with 2 less zeros
.01 = 400,000,000
Now he said that the first set of burns is from 9/21 to 10/1 thats 10 days
BINANCE SPECIFIC BURNING FOR THIS TIME PERIOD
.12% FEE ON TRADES AVERAGE
1 BILLION DAILY VOLUME AVERAGE
THAT'S 40 BILLION LUNA TOKENS BURNED IN 10 DAYS BY BINANCE
SOUNDS LIKE ALOT HUH? ITS NOT!
AS THE PRICE OF THE TOKEN GOES UP THE AMOUNT OF BURNS WILL BE MUCH LESS. ALSO THE VOLUME WILL NOT ALWAYS BE 2 BILLION DAILY ACROSS ALL EXCHANGES. THIS VOLUME WILL EVENTUALLY DROP TO MAYBE A BILLION TRADING VOLUME DAILY. AT THE CURRENT PRICE AND WITH JUST BINANCE BURNING THEIR TRADING FEES AND THE ON CHAIN BURN WE WILL BURN ABOUT 6 BILLION TOKENS DAILY.
SO TO BURN 90% OF THE SUPPLY WHICH IS 5.4 TRILLION TOKENS AT THE CURRENT RATE OF 6 BILLION TOKENS BURNED DAILY (WHICH WILL DROP DRAMATICALLY ONCE PRICES INCREASE) IT WOULD TAKE 900 DAYS. NOW THAT IS ASSUMING THAT THE BURNS WOULD BURN 6 BILLION A DAY WHICH IS NOT THE CASE, AND THAT WOULD STILL LEAVE 600 BILLION TOKENS WHICH WOULD BE THE ABSOLUTE BEST CASE FOR $1, BUT VERY VERY DOUBTFUL. EVERY TIME THE PRICE DOUBLES THE BURN NUMBERS GET CUT IN HALF. SO AT .0006 LIKE I SHOW ABOVE LUNA WOULD ONLY BE BURNING 3 BILLION A DAY, AT .0012 LUNA WOULD BE BURNING 1.5 BILLION A DAY AND SO ON AND SO FORTH .
SO HERE IS THE CONCLUSION. IF EVERY EXCHANGE IMPLEMENTS THE TRANSACTION FEE BURN, AND LUNA CONTINUES TO HAVE 2 BILLION DOLLAR TRADING VOLUME THEN IT WOULD STILL TAKE APPROXIMATELY 3000 DAYS TO BURN 5.4 TRILLION COINS.
THAT'S ALMOST 10 YEARS AND REALISTICALLY IT WOULD TAKE MUCH LONGER, AS VOLUME DECREASED AND PRICE INCREASED.
ALSO THATS ASSUMING THAT BINANCE WILL KEEP THIS GOING INDEFINITELY WHICH I DOUBT AS WELL. NO ONE WANTS TO THROW AWAY 4 MILLION A DAY IN FEES. HES DOING THIS FOR HIS OWN AGENDA. HES MADE MULTIPLE BILLIONS MORE OFF PUMPING AND GOING LONG AND DUMPING AND SHORTING WITH THIS COIN THAN HE EVER WOULD HAVE MADE SELLING HIS STASH AT THE TOP WHICH WAS WORTH 1.6 BILLION I BELIEVE. HES MAKING 10S OF BILLIONS OF DOLLARS MANIPULATING LUNA WITH HIS TWEETS, TAKING EVEN MORE FROM INVESTORS THAT ALREADY LOST A LOT ON THIS THING. LUCKILY I WAS NOT ONE OF THEM, BUT I FEEL FOR EVERYONE WHO HAS, AND I AM SORRY YOU HAD TO GO THROUGH THAT. DON'T GO THROUGH IT AGAIN THOUGH WITH THIS HYPE TRAIN, PUMP AND DUMP.
THIS BURN IS STILL NOT ENOUGH IN THE GRAND SCHEME OF THINGS. ALSO UST IS STILL DE-PEGGED AND NO ONE IS BUILDING ON TOP OF LUNA AT THE MOMENT. THERE IS NO REAL USE CASE FOR THIS OTHER THAN A HYPED UP PUMP AND DUMP. I USED TO THINK LUNA WAS GOING PLACES BUT I REALLY THINK THAT IT WAS JUST A PUMP AND DUMP BY DO KWON IN THE BEGINNING AND NOW CZ OF BINANCE IS PUMPING AND DUMPING IT AS WELL. THOSE TWO SHOULD HAVE A JAIL CELL TOGETHER WITH ONE BED!
MY STRATEGY IS TO TRADE THIS UP AND DOWN BECAUSE THERE IS A TON OF LIQUIDITY AND VOLATILITY . I DO NOT USE LEVERAGE WITH VOLATILE TOKENS LIKE THIS EVER! ITS A VERY RISKY STRATEGY SO DO SO WITH CAUTION BECAUSE WILD PRICE SWINGS ARE EXPECTED FOR A WHILE.
So for the price action short term. I think the hype will die down again once people realize this burn is just a drop in the bucket. My targets are .00026, and then .000235 before another run up
If LUNA can rally up to .00035 with strength then we may see a run to previous highs, perhaps for a double top , I do not think LUNA has started a new bull rally to new all time highs. I don't think this will happen though I'm leaning more towards the bearish case because essentially nothing has changed as far as how long it would take to burn the tokens. This is just a suckers rally and boy are there a lot of suckers out there. Jokers coming out of the woodwork again screaming $1 LUNA with no idea of how to do math.
THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS AND SPECULATIONS
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.
Binance is going to 🔥BURN LUNC! The PUMP continues❓Hi friends! Do we need to expect the pump for 100-200% in a next week? Let`s tell about this!
✅Why LUNC pumps❓ Cryptocurrency exchange Binance has implemented the Terra Classic burn mechanism for spot and margin pairs LUNC/BUSD and LUNC/USDT.
🚩 The LUNC price reacted to this initiative with an increase of almost 40%.
📊 Do i think that LUNC will skyrocketing this week? I think yes, but if only BTC will pump to 22-23k. This mean that all altcoins woll pump not only LUNC.
🔥 The LUNC pattern. Take a look at the volume indicator. The volume growth all the time when LUNC pumps. This means that the big guys always sell their coins to retail traders. And what happend next? Fall or some consolidation for 2-3 weeks.
📊 Do i expext the consolidation after this pump? I think that is highly possible but now the LUNC pumps because of Binance support what is really good for project. Binance have the largest crypto community so the money possibly will flow to the LUNC further.
✅ The closest targets:
1. $0.044 - the value area
2. $0.06 - the previous ATH
🚩 In the case of pump higher i recommend you to book the profit by parts (20-30%) and do not book all profit at once to not let the price make +100-200% without you. It will be good to catch this opportunity and make the profit.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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
TML : 3 HIGH TARGETSTML are on volume structure what means we can expect soon some increase trends if this trend keep going in this small frame cycle.
Its long time ago that TML did move, and since today it seems to make a change.
Expecting targets are between 30% - 100%
In high range it can hit above 125%
See the Targets views.
# know that increasing can take some time, but same time it can go into fast trend. There is no guaranty on time frame when it will happen.
And also the idea shows not that it should happen 100% - its more about high chance.
LUNC Bullish or Bearish?Im not really sure about LUNC we have a clear impulse up and a corrective move down. However we kinda just reversed in the middle of nowhere. We did not hit the 0.786 fib or we didnt hit the 1.618 fib the length of wave A. Cant really see any support where we had a reversal. Wouldnt be surprised if we come back down to test either of these fibs. If your trading LUNC bearcareful :)
LUNC still bullish .LUNC did 40% profit today but still looking for more upside tomorow. Maybe a stop hunt will accure for shorts positions.
LUNC FORECAST 📉📉After the recent burn mechanism was announced by binance , price surged and so we're expecting a retracement to the downside
This is not a general of the market just my opinion
LUNA CLASSIC LUNC > CZ BINANCE PRICE MANIPULATION > BURNS MATH!Hello everyone. So this morning CZ from Binance came out in a tweet and said that he would burn all the transaction fees from LUNA spot and margin trading. Now lets look at this for a minute. So first CZ tweeted he would support the burns making everyone think that he was going to implement the 1.2% burn on all the transactional volume on Binance, the price rocketed up. Then he came out and said he would not support the off chain burns and only the on chain burns, then LUNA dumped. Then he came out in an AMA and said he wouldnt be doing the 1.2% burn on the trading volume one more time, because for some reason there was alot of confusion about it, then the price dumped a little more. Then he came out and said the same day he would implement a feature to opt in to the burn tax for any trader who wanted to and then the price pumped a little. Then as LUNA came all the way down to the .618 around .00018 and Binance tweeted again this morning at 5:30 AM EST saying he was going to implement a burn mechanism to burn all the trading fees from LUNA trading and the price went up more than 50 percent in an hour. Shorts got liquidated and now on the drop Longs will be liquidated too.
So I did the math for you all so you can see how big of a deal or not a big deal this extra burn of the trading fees is
Average volume of Binance for LUNA currently is about 1 Billion daily. The total trading volume across all exchanges is an average of 2 Billion daily for now. This wont always be like this. The hype will eventually die down and the trading volume will diminish dramatically, maybe to at most 1 Billion daily across all exchanges. Now for the math, Im going to even look ahead and assume that all exchanges trading LUNA will follow Binance and Im going to round up the trading fee percentage to .2% although Binance is only .12%, because some exchanges may charge more.
2,000,000,000 x .2% = $4,000,000
$4,000,000 / PRICE OF LUNA = TOKENS BURNED
PRICE TOKENS BURNED DAILY BY ALL EXCHANGES
.0003 = 13,400,000,000
.0004 = 10,000,000,000
.0005 = 8,000,000,000
.0006 = 6,700,000,000
.0007 = 5,700,000,000
.0008 = 5,000,000,000
.0009 = 4,450,000,000
Lets do this with one less zero
.001 = 4,000,000,000
.002 = 2,000,000,000
.003 = 1,340,000,000
Lets do this with 2 less zeros
.01 = 400,000,000
Now he said that the first set of burns is from 9/21 to 10/1 thats 10 days
BINANCE SPECIFIC BURNING FOR THIS TIME PERIOD
.12% FEE ON TRADES AVERAGE
1 BILLION DAILY VOLUME AVERAGE
THAT'S 40 BILLION LUNA TOKENS BURNED IN 10 DAYS BY BINANCE
SOUNDS LIKE ALOT HUH? ITS NOT!
AS THE PRICE OF THE TOKEN GOES UP THE AMOUNT OF BURNS WILL BE MUCH LESS. ALSO THE VOLUME WILL NOT ALWAYS BE 2 BILLION DAILY ACROSS ALL EXCHANGES. THIS VOLUME WILL EVENTUALLY DROP TO MAYBE A BILLION TRADING VOLUME DAILY. AT THE CURRENT PRICE AND WITH JUST BINANCE BURNING THEIR TRADING FEES AND THE ON CHAIN BURN WE WILL BURN ABOUT 6 BILLION TOKENS DAILY.
SO TO BURN 90% OF THE SUPPLY WHICH IS 5.4 TRILLION TOKENS AT THE CURRENT RATE OF 6 BILLION TOKENS BURNED DAILY (WHICH WILL DROP DRAMATICALLY ONCE PRICES INCREASE) IT WOULD TAKE 900 DAYS. NOW THAT IS ASSUMING THAT THE BURNS WOULD BURN 6 BILLION A DAY WHICH IS NOT THE CASE, AND THAT WOULD STILL LEAVE 600 BILLION TOKENS WHICH WOULD BE THE ABSOLUTE BEST CASE FOR $1, BUT VERY VERY DOUBTFUL. EVERY TIME THE PRICE DOUBLES THE BURN NUMBERS GET CUT IN HALF. SO AT .0006 LIKE I SHOW ABOVE LUNA WOULD ONLY BE BURNING 3 BILLION A DAY, AT .0012 LUNA WOULD BE BURNING 1.5 BILLION A DAY AND SO ON AND SO FORTH.
SO HERE IS THE CONCLUSION. IF EVERY EXCHANGE IMPLEMENTS THE TRANSACTION FEE BURN, AND LUNA CONTINUES TO HAVE 2 BILLION DOLLAR TRADING VOLUME THEN IT WOULD STILL TAKE APPROXIMATELY 3000 DAYS TO BURN 5.4 TRILLION COINS.
THAT'S ALMOST 10 YEARS AND REALISTICALLY IT WOULD TAKE MUCH LONGER, AS VOLUME DECREASED AND PRICE INCREASED.
ALSO THATS ASSUMING THAT BINANCE WILL KEEP THIS GOING INDEFINITELY WHICH I DOUBT AS WELL. NO ONE WANTS TO THROW AWAY 4 MILLION A DAY IN FEES. HES DOING THIS FOR HIS OWN AGENDA. HES MADE MULTIPLE BILLIONS MORE OFF PUMPING AND GOING LONG AND DUMPING AND SHORTING WITH THIS COIN THAN HE EVER WOULD HAVE MADE SELLING HIS STASH AT THE TOP WHICH WAS WORTH 1.6 BILLION I BELIEVE. HES MAKING 10S OF BILLIONS OF DOLLARS MANIPULATING LUNA WITH HIS TWEETS, TAKING EVEN MORE FROM INVESTORS THAT ALREADY LOST A LOT ON THIS THING. LUCKILY I WAS NOT ONE OF THEM, BUT I FEEL FOR EVERYONE WHO HAS, AND I AM SORRY YOU HAD TO GO THROUGH THAT. DON'T GO THROUGH IT AGAIN THOUGH WITH THIS HYPE TRAIN, PUMP AND DUMP.
THIS BURN IS STILL NOT ENOUGH IN THE GRAND SCHEME OF THINGS. ALSO UST IS STILL DE-PEGGED AND NO ONE IS BUILDING ON TOP OF LUNA AT THE MOMENT. THERE IS NO REAL USE CASE FOR THIS OTHER THAN A HYPED UP PUMP AND DUMP. I USED TO THINK LUNA WAS GOING PLACES BUT I REALLY THINK THAT IT WAS JUST A PUMP AND DUMP BY DO KWON IN THE BEGINNING AND NOW CZ OF BINANCE IS PUMPING AND DUMPING IT AS WELL. THOSE TWO SHOULD HAVE A JAIL CELL TOGETHER WITH ONE BED!
MY STRATEGY IS TO TRADE THIS UP AND DOWN BECAUSE THERE IS A TON OF LIQUIDITY AND VOLATILITY. I DO NOT USE LEVERAGE WITH VOLATILE TOKENS LIKE THIS EVER! ITS A VERY RISKY STRATEGY SO DO SO WITH CAUTION BECAUSE WILD PRICE SWINGS ARE EXPECTED FOR A WHILE.
So for the price action short term. I think the hype will die down again once people realize this burn is just a drop in the bucket. My targets are .00026, and then .000235 before another run up
If LUNA can rally up to .00035 with strength then we may see a run to previous highs, perhaps for a double top, I do not think LUNA has started a new bull rally to new all time highs. I don't think this will happen though I'm leaning more towards the bearish case because essentially nothing has changed as far as how long it would take to burn the tokens. This is just a suckers rally and boy are there a lot of suckers out there. Jokers coming out of the woodwork again screaming $1 LUNA with no idea of how to do math.
THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS AND SPECULATIONS
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.
For more analysis, hit "Like" and "Follow"!
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.
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
Quick Long LUNCUSDT 10:1 RRQuick Long LUNCUSDT 10:1 RR to EMA 200 on 15 minutes timeframe , divergence on Momentum LB and high volume spike
luncusdt updatehey traders
Lets take a look at luuna classic with math
Red lvls belongs to the sellers
Green lvls blongs to the buyers
And yellow line is my dynamic lvl for trend confirmations
What you. Think,share ur chart and leave a comment
LUNCUSDThey traders
If u look at LUNC with math, u will see this
all if them telling me were going touch golden ratio at 0.00038
share ur chart and leave a comment
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.
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.
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
LUNC 30 min bullish dragonWe have a possible bullish dragon for LUNC on the 30 minutes chart at the bottom of a range. We got the head, body, spine, and two legs. Let's hope this breaks out
It is ready to grow with strong community supportWhat can be seen in the chart:
Decrease in transaction volume
The position of the Williams %R oscillator is in the minimum position( daily time frame)
The effect of token burning news is reduced
Therefore, with the new news about token burning, it is quite susceptible to significant growth
Readjusted 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.
