Terra
LUNA building a launch padHere's my criteria for why:
1. Price has finally come to meet the 200 DEMA for LUNA where it is on a 8 hour buy streak.
2. I think a launchpad is being set up. We are only 1 hour into the most recent four hour candle.
3. I suspect that Friday morning at 7am EST which starts the new four hour candle will bring heavy volume and launch luna into orbit 25%.
4. It is now my belief that the V recovery was for real starting on Jan 30.
5. Right now the buy signal is being smothered by the RSI metric, which, if you check last (seen on chart here and in other areas.
6. MACD is not far below signal and both are on a trajectory up over zero with blue crossing red (bullish)
I have some other plays including a spot grid bot idea for the asset BNB. Check it out below.
Also check my Idea on BTC. Here's why:
1. BTC basically acts as an index for this whole asset class.
2. As BTC goes up other coins/alt coins go up with even more velocity.
3. LUNA is in my opinion the best layer 1 Ethereum option available. Maybe not from price spec, but from a crypto centric technical point of view. It is a solid product, not project, that is already been implemented and is scaling.
4. Since BTC acts like an index for crypto and I am predicting BTC makes a move towards $50k soon, before it goes under $40k again, (check links for idea) that assets like LUNA will have a blast off.
Call it a "mini alt season" if you will.
*disclaimer *this is what I am doing, if you do so, do it at your own risk I am not giving financial advice. This is very risky.*
LUNA (TERRA) LONG POSITION🚀Based on the chart, the price breaks the channel resistance to the upside and stay out of the purple zone
and
here we have support for the price
if
the price stay above the purple area, we can expect more gain for the price
and
our next two targets are located on the chart
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
Luna Symmetrical Triangle$luna #luna starting to form a double bottom on Daily and Symmetrical triangle on H4. Close above 55 should test the neckline at 59.5. Daily close above that and Target would be 73 with resistance at 69.75. Close below 50 and 44 should be retested.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Terra Luna: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD).
The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price recently formed a Bear Flag Formation with the potential if the price keeps moving higher to form a Double Bottom Pattern. RSI and MFI are meeting resistance and Volume has been declining.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI ( Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud, Bear Flag Formation, and Double Bottom Pattern.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
LUNA playLong play for luna. Long until the blue line if breaks we could see massive uptrend if not, you know what to do
#LUNA looks interesting at this ZONE!Clear trading setup: the price is forming a bearish flag inside the big descending channel.
We LONG in case of $60 resistance breakout and buying more in case of the descending resistance breakout
We SHORT if the bearish flag is broken downwards, the target would be at $35.
For NOW We Are Heading to 64
PLZ Manage Your Capital And Risk!
LUNA offers 60% upside and 50% downsideHear me out. LUNA is at an inflection point and with the crypto market not showing any signs of strength right now, it's hard to be a bull. One must be open to 2 opposing scenarios and have a plan for both directions.
The Bull case:
- LUNA is holding its 200 day MA.
- We have a nice 5 wave pattern on the downside.
- We've made a 786 retracement (and more) off the move from $35 to the ATH.
- Upcoming MACD crossover on the Daily
- RSI oversold on the Daily
- Willy oversold on the Daily
- Even if you are a Bear (I am a Bear), a relief rally based on pure technicals is most likely.
The Bear case:
- BTC has room for downside - it can still go as low as 20k support which many are calling for.
- LUNA has had FUD news as of late (I tend to be a chart purist but you can't ignore this one) - there are some major concerns around the staking and returns for LUNA / TERRA in the down market. This could lead to a panic selloff.
- We haven't quite touched the 618 retracement, and the chart leaves much room to what would be a major support level around $22.
- The 786 retracement lines up with the $22 range noted.
- The 1.618 extension of the bear move from the top lines up on top of that 786 retracement. One cannot ignore confluence.
My hypothesis:
- We have a chance to rally to $90, before correcting all the way to $22. Be very careful out there!!
What am I doing?:
- I've entered a LUNA long, which I already sold and made profit on, and I'm currently filling up another LUNA long. STOP IS TIGHT! Just under the recent low below $46.50. I am trading on margin so cannot afford to put my stop below the low of $43. That's just personal discretion and being willing to re assess if I should re-enter if the stop hits. Taking profits earlier helps me a lot if a stop hits to minimize or even eliminate my downside risk.
🆓Terra (LUNA) Jan-29 #LUNA $LUNA
LUNA has dropped strongly from the top of $100 and buying power has appeared as it approaches the $45 and $50 zones. We were able to start accumulating for a recovery to the $80 zone in the near term.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 45$ zone
🔴Buy : 50 - 45
🔴Sell : 65 - 80
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 45$ zone
🔵Sell : 45
🔵Buy : 40
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
LUNA Terra: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD).
The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price is sitting at the multi-month Support and Resistance line. RSI and MFI are around the oversold region so there may be a price move up, but the trend still seems heading down.
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
LUNAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has a resistance line R2 which has kept the price down. It has also created another resistance line R1 which has not let the price go up as well. There are two support lines S1 and S2. You can see that yesterday’s candle was closed with a long shadow at the S1 line. It can go up to the R1 line and if R1 is also broken, it will see higher prices. The market needs to be neutral so that it will break the R1 line. It is not a critical condition yet therefore there is the chance for the price to go up from here.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
low RSI? Check. Inside Bollinger? Check. Support Re-test? Yep.If there are no obstacles on the way (network problems, other bad PR news) I don't see any reason why LUNA wouldn't make a new peak - it's growing faster than ETH did. On the 1 Day chart the graph and indicators looks promising, let's see what the weekend brings to this market.
Have fun and be safe! Placing a tight Stop Loss is crucial in case yogi parties again on Bitcoin. :)
Terra (LUNA) at interesting support levels...Terra (LUNA) at interesting support levels...
...on price chart (green price channel)
...on RSI chart (green RSI channel)
At these days many important support levels of many Cryptos tend break.
Will LUNA follow this trend?
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing