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LUNCUSDT

Terra Classic (LUNC) 4H TF AnalysisOn the 4H TF LUNC is currently exhibiting important technical patterns. The volume profile shows the highest trading activity around $0.0001077 to $0.0001047, indicating strong support levels. Recently, the price action has been sideways, suggesting a balance between buying and selling pressures, with low trend strength and volatility, indicating consolidation. Key resistance levels are at $0.0001253, $0.0001324, and $0.0001425. Key support levels are at $0.00011, $0.0001015, and $0.00009220. The price is just above a crucial support level at $0.00011; a break below this could lead to a retest of lower support levels. Two patterns are visible: a falling wedge and a bearish pennant. The falling wedge, a bullish pattern, has completed, with the price breaking the upper boundary and entering consolidation, suggesting a potential breakout to $0.00017. Conversely, the bearish pennant indicates potential declines. If the price breaks the pennant's lower boundary, it could test the lower boundaries of the sideways trend. If support fails, the price may fall to $0.00009220 - $0.00008662. Summary: ◼️ Strengths: Strong support around $0.00009220 and a completed falling wedge pattern suggesting a potential end of the downtrend. ◼️ Weaknesses: The bearish pennant suggests further downside risk, with a crucial support level at $0.00011; a break below could lead to significant drops. History and Background of Terra Classic (LUNC). Terra Classic (LUNC) is the rebranded version of the original Terra (LUNA) token, which experienced a dramatic collapse in value in May 2022. Here's an overview of what happened and the current state of Terra Classic, highlighting its strengths and weaknesses: Background of Terra (LUNA) Collapse: Collapse Details: Terra (LUNA) and its associated stablecoin TerraUSD (UST) were part of the Terra blockchain ecosystem. UST was designed to maintain a 1:1 peg with the US dollar through an algorithmic mechanism involving LUNA. In May 2022, UST lost its peg, leading to a massive sell-off of both UST and LUNA, causing LUNA's value to plummet from over $80 to less than a cent within days. ◻️ Impact: The collapse wiped out billions of dollars in market value, significantly impacting investors and the broader cryptocurrency market. Transition to Terra Classic (LUNC): Rebranding: Following the collapse, the Terra community and its founder, Do Kwon, proposed a recovery plan. This plan involved rebranding the original chain as Terra Classic, with its native token renamed to Terra Classic (LUNC). ◻️ New Chain: A new Terra chain was launched without the algorithmic stablecoin, maintaining the name Terra (LUNA) but as a distinct entity separate from Terra Classic. Current State of Terra Classic (LUNC): Community and Governance: Terra Classic is now community-driven, with governance decisions being made through proposals and voting by LUNC holders. ◻️ Development: The community is working on various initiatives to revive and develop the Terra Classic ecosystem, including potential integrations, dApps, and improvements to the blockchain's infrastructure. ◻️ Market Performance: LUNC has seen fluctuating interest and trading volumes. Its value remains highly volatile, influenced by broader market trends and specific developments within the Terra Classic community. Key Points for Investors and Traders. ➖ Strengths: ◼️ Active Community Involvement: The dedicated community is actively involved in governance and development, which could drive future growth. ◼️ Ongoing Development Efforts: Continuous work on ecosystem development, including dApps and infrastructure improvements, adds potential value. ➖ Weaknesses: ◼️ High Volatility: LUNC's value remains highly volatile, making it a speculative and high-risk investment. ◼️ Historical Context: The collapse of the original LUNA casts a long shadow, contributing to skepticism and caution among investors. Market Sentiment: The sentiment around LUNC is heavily impacted by news, updates from the Terra Classic community, and overall market conditions. Conclusion: Terra Classic (LUNC) represents an attempt to salvage and rebrand the remnants of the original Terra (LUNA) project after its catastrophic failure. While it has a dedicated community striving to rebuild, it remains a speculative and volatile asset. Investors and traders should approach LUNC with caution, keeping in mind its historical context and the inherent risks associated with it. Always remember the golden rule of investing: never risk more than you can afford to lose. Trade carefully and wisely, and may each of your transactions be successful!
by TeddyVizion
#LUNC/USDT #LUNC We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.0000800 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 0.0001000 The first goal is 0.0001280 The second goal is 0.0001530 The third goal is 0.0001800
Long
by CryptoAnalystSignal
LUNC ANALYSIS (6H)LUNC appears to be forming a large triangle or diametric pattern. It looks like wave D is over and we are now entering wave E. Wave E appears to be a diametric. After the completion of wave e and f from E, we are expected to move towards the targets for wave g from E. The green range is where we look for buy/long positions. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
LUNC spot buy/sell zonesLast LUNC from november 2023 left much liquidity to grab. Most possible, but least trustable zoone is first at the chart marked with green demand box or red supply zones. Gold boxes are high quality zoones, for short or long either. BUY My favourite scenario is the one with hitting new low but as the realist i would buy in green and first gold box SELL One place that i can see to stop the price can be red box but it isnt too dangerous place. I will hold my bought LUNC untill i will see readable distribution scheme.
Long
by HallFer
3
LUNC/USDT planning bullish reversal from support| 🚀LUNC💎 Paradisers, gear up for an intriguing opportunity with #LUNCUSDT as it edges closer to a crucial support level, signaling a potential bullish reversal. If the price maintains its momentum and rebounds from this level, we might embark on a bullish journey from this support. 💎 With continued upward momentum, our sights are set on targeting the resistance at $0.00021046. Surpassing this level would lead us into the resistance mitigation zone at $0.00025546. However, should the price struggle to initiate an upward trajectory from the support at $0.00014515, we, as savvy traders, will adjust our focus to the next support level for a bullish rebound at $0.00011716. 💎 In the event the price dips below this lower support, be prepared for a further descent. Staying alert and monitoring the price action at each mentioned point is crucial for a clear understanding of the market. Remember, patience is vital in trading. Keep a close eye, and let's navigate this together with the ParadiseTeam.
Long
by MyCryptoParadise
3
LUNC/USDT Poised for Exponential Bull Run? 👀🚀LUNC Analysis💎Paradisers, let's take a closer look at #LUNCUSDT, as the current formation suggests a possibility for a significant bullish recovery from its pivotal support zone. 💎Reviewing #TerraClassic's recent market trends, we've observed a substantial 70% decrease after it met resistance at a crucial supply level. However, a certain resilience is noticeable around the support level of $0.000091, indicating a potential upward trajectory. 💎Despite the recent challenges in establishing new highs or exceeding past peaks, resulting in a short-term bearish view, the $0.000091 mark is essential for #LUNC. This level may well be the key to triggering a substantial bullish movement upon retesting. 💎As strategic traders, we're always prepared with an alternative plan. If #LUNC drops below the $0.000091 support, we're ready to target a bullish comeback starting from the next support at $0.000059. However, be aware that a descent below this secondary level might point to more extensive downtrends. 💎Maintain flexibility in your strategies and stay vigilant with the market trends, Paradisers. Your ParadiseTeam is continually monitoring, prepared to steer you through these market changes.
Long
by MyCryptoParadise_Simon
LUNC breaking out, looking at a possible 100% move?LUNC has been on a steady downtrend since 12/12/23. Today LUNC on the 12hr, is finally breaking out of the downtrend and I saw two closes above the trend on the 4HR. I'm bullish on LUNC, we could see a potential dip back to re-test but I'd think no lower than 0.000008505. My take profit points are listed here, each coinciding with major fib levels. I'll be looking to take profits steadily on the way up. Allocating at least 40% of my position slightly below the *0.618 Fib @ 0.00020529. Join me on my quest, and run naked through lightning and long this b*tch at least 50x. That's TA...bitch. No cap. TP 1: 0.0015988 TP 2: 0.00018212 * TP 3: 0.00020529 TP 4: 0.00023818
Long
by Matt_Hall_
LUNC/USDT upward momentum? 👀 🚀LUNC Today Analysis💎 Paradisers, give your full attention to #LUNCUSDT as it's displaying unmistakable signs of an imminent substantial move from a pivotal demand level. 💎 Currently, #LUNC is exhibiting an upward trend, suggesting a bullish continuation. This follows its adherence to a descending channel pattern, where it has consistently respected the channel's resistance. We are eyeing a bullish continuation at the demand level of $0.00010370, which could catalyze further upward momentum. If #LUNCCOIN sustains above this level, it could journey towards a major resistance zone at $0.00026419. 💎 However, if #LUNC struggles to stay above the $10370 mark, it might necessitate a rethink of our strategy. In this event, our focus might shift to a bullish push from an alternative demand level at $0.00008034. This particular level is noteworthy due to its history of triggering impulsive moves. 💎 A breach below this level could lead to a significant downward trajectory.
Long
by MyCryptoParadise