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LUNCUSDT

LUNC 4h diversion on RSI versus PriceLUNC drops more than 50% from the big parabolic move it made over the last few weeks. 1) When we use the Fib Retracement tool we can see that LUNC sits on the 0.618 golden ratio which is a perfect trace back from this parabolic swing. 2) When we look at the 4h LUNC-BUSD chart we can see that LUNC sits in a symmetrical triangle which most of the time breaks out to the top. 3) We also see on the 4h candles a diversion on the RSI versus Price. RSI goes up, price goes down which indicates that the price will go up. 4) Not visible on this chart but LUNC finds almost support on the 4h 200 moving average. Also a positive indication. Now that the 1.2% burn tax is in place we see some low burning values. A lot of people expected more of it and started to selling their LUNC. As long Binance did not published an announcement if they will support or not support the 1.2% tax burn on their spot and leverage trading I will hold my LUNC. Be aware, when the announcement is negative we could see a big dump. When the announcement is positive all other CEX will follow and we will see a big pump. Personally I will hold, but I have some stop losses in place in case of the negative outcome. !!! Don't forget to get profit in time or set alerts/stop losses. You can always buy it back when it is tracing back up. The chart will not go up in one straight line. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
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by seoco
10
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
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. For more analysis, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
98
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. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
82
TERRA LUNA CLASSIC (LUNC) short-term bull positions?Even though the crypto market is in a downtrend, LUNC seems to defy the market with its recent bullish momentum. The head and shoulders and the downtrend of the past days seems to be breaking on the hourly timeframe with higher than recent average volume. It still needs confirmation on a daily basis (which may be too late but it is better to miss a trade than chase one). I am presenting you 4 trade possibilities that I am going to take. All of them are bullish (as long as the short term upward channel remains intact). I am risking 0.25% of my total trading capital on each, making my open risk a total of 1% in case all of them are fulfilled. If I lose all then I do not lose more than 1%. As you can see, all of them are at least of 2.0 risk-to-reward ratio. Protecting your capital is even more important than winning all your trades. If you do not understand how to size your positions, please do not follow my trades! Find a tutorial on YouTube or here on TV about position sizing and money management! As the entire crypto market is in a general downtrend, these 4 positions have higher-than-normal risk!
LLong
by LaiChee81