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LUNCUSDT

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
Descending Wedge - LUNC/USDT- 4h KucoinPotential "descending wedge" or "bull flag" on the 4h for Terra Luna Classic (USDT). Bullish divergence on the Stoch RSI + nearing oversold. Same on MACD 4h. Oversold on the daily Stoch RSI. Probably good to wait for price action above the upper bounds of the pattern. Manage your own risk appropriately (stop losses). If it breaks this suggested pattern and falls to the downside, I would expect price approx. <= 0.00016000, as that area was never really retested. NFA.
Long
by BitBullMarkets
3
LUNC: NEW INCREASE: BREAKOUT 40%Since the last update and the expected breakdown, is this a technical good point for the return and recovery of LUNC. It's possible that LUNC can do a new 40% increase and we will follow it to see what coming time will be done LUNC. The expected target can be 40% but lower is also possible. This is the before idea did play out with breakdown expecting: (and it seems LUNC are going out of breakdown) There is no guaranty into trading, and this is not a trading advice. Same time with no risk management trading end into losses.
Long
by Goldenbreakout
2
TERRA LUNA CLASSIC (LUNC) looking more and more bearishAs stated before I have little confidence in any kind of bull-run for TERRA LUNA CLASSIC. You can see a summary of my reasons on the chart. My main reason for bearishness are the untested break of the past resistance line and the broken and retested support trendline (now turned resistance trendline). Also do not forget that the overall market is bearish over the mid-long term (6-12 months). I am not saying that crypto is poised to follow any market, I am just saying that in a recession people protect their money, look for hard assets that have proven long term to preserve their value - or at least suffer the least downside. Crypto does not have much history or proof in this area. It would not be my first go-to reserve asset... The recent CPI report has confirmed that we are still heading deeper into the recession, uneployment rate is increasing (as does the rate of applications) so I expect a bit more downside - lower lows on higher time frames. I am convinced that this recession will present wonderful long-term buying opportunities - later but not in the following days or weeks. If you are prepared to hold for the long-term, sure you can give it a try but there is no guarantee that LUNC will be around in the future. Just try to do a search for the most hyped cryptos of 2017-2018. Where are most of them today? So trade carefully. BTW, I did not short LUNC but sold a big chunk around 0.00037 and prepare to buy it back around 0.00017. It may never come to pass and price may skyrocket befor that, never to return again. But I have already made a decent profit on LUNC so I do not mind. Therewill be other assets and other trade opportunities in the market. ;-)
LShort
by LaiChee81