Lunc in negative territory
Trade can go further as shown in the graph. For any questions you can contact us.
LUNCUSDT
LUNC still in negative territory Trade can go further as shown in the graph. For any questions you can contact us.
LUNC WAVE UPDATE (Still Bullish)Hope you are well.
The structure of the previous analysis remains.
I think wave C has diagonalized and wave f and g still remain in my opinion.
The original support was a little lower, which I corrected.
This scenario holds as long as the 0.00011411 support is not broken
Terra Classic (LUNC) formed bullish Gartley for upto 560% pumpHi dear friends, hope you are well, and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
Previously after hitting the minimum sell target, price of LUNC was moved down, which was by the way almost 30% profit move as below:
Now on a weekly time frame, LUNC has formed a bullish Gartley pattern. There is also a hidden bullish divergence on the chart, as the priceline is forming a higher low, and RSI is setting a lower low.
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 Weekly Bearish Cycle Projection ProgressionWe've come a long way from the top of the previous projection (marked in light orange) and are now 78% of the way complete. From the looks of things we are setting up to make another push to the downside in relation to the projected price action; especially as the DeFi sector within crypto continues to underperform the rest of the market.
LUNC Triangle BreakoutWatching this potential triangle on LUNC, price target is $0.0002 if break out is confirmed.
LUNC Resitance BreakoutSame plan as last time. Looking for clean breakout of resistance (yellow), long position with price target at $.000236 ish. Partial TPs at 100 hour MA (blue) and resistance area at $.000187 ish. Looking for clear breakouts from these areas too.
LUNC - Triple Bottom1000LUNC has formed triple bottom with a clear reversal candle supported by decent volume action.
Possible long setup:
Buy: $CMP
TP: $0.1853-0.1901-0.1949-0.2017-0.2103-0.2213-0.2353
SL: below $1.75
LUNC LongDespite the bearish movement in Bitcoin and Ethereum, I still see a bullish setup for LUNC. The drop that happened yesterday quite a large part of it was returned intraday. Today the sellers again tried to push the price down, but a rejection can be seen again, which leads me to think that there is a buyer and the setup has a pretty good risk reward.
LUNCUSDT The next 1D MA50 break can deliver a massive rally!*** ***
For this particular analysis on Terra Luna Classic we are using the LUNCUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where LUNC is on a small pull-back after being rejected on the 1D MA50 (blue trend-line). With the 1D RSI mostly ranged within 55.00 - 35.00, the price action seems neutral. However this resembles the previous sequences of mid August and mid June, which both broke upwards and delivered significant rallies.
The trigger for August was closing above the 1D MA50. As a result, the next time this happens, we may see a massive rally on LUNCUSDT , targeting the Higher Highs trend-line.
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LUNCUSDT just finished the bottom bounce Launch TimeLUNCUSDT just finished the bottom bounce. Typically a move from distribution into accumulation looks like a drop that consolidates then bounces and consolidates higher than its baseline....(which is the push down in the middle of consolidation prior to distribution) Then after consolidation high it drops again to manipulate under the baseline to break stop losses and absorb more of the float. Then a move back to the high after the absorption which is shown on chart with Volume stating over the last 6 candles there was 38billion in volume....on the last candle there was 34 billion by its self. this is a signal of absorption is complete and now it consolidates high again just below the area it couldnt pass before. Then when its ready to break through it will drop back down to break the line it created moving up which everyone thinks is safe to place their stop losses... It breaks this line to absorb the last remaining part of the float it needs to break through the area it has not been able to get through.
The reason its been in this area so long is because it has been doing this pattern on every time line and its been waiting for each one to complete this move. Now that we are at this point it can start its move for profits..... Lets hope it takes just as long on this stage as it did on the previous.... smh
by iCantw84it
10.31.22
LUNC Make Or Break PointLUNC price sits right at our bullish trendline (yellow) and the 100 hr MA (blue). Need to see price stay above to be bullish, otherwise bearish continuation of price movement
LUNCUSDT | Time for Wave 5?Back in August 2022 the local .786 Fib retracement level proved to be an important one, as LUNC bounced significantly higher. Now, LUNC has reached another local .786 retracement level. Could it pivot upward here to complete what might be the possible 5th wave in an Elliott impulse?
Will be watching closely and trading appropriately.
Please do your own research. This idea is not to be considered financial advice. May YeHoVaH bless you.