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Terra

LUNA, Main BULL-FLAG-FORMATION Forms AMIDST THE DUMP!Hello, Welcome to this analysis about TERRA LUNA and the 2-day timeframe perspectives. In recent times we have seen the cryptocurrency market dumping heavily to the downside with the main major coins increasing bearish pressure. As already mentioned before guys the cryptocurrency market changing more and more and the divergence between the altcoins is increasing more and more. This is why there are crypto coins that are forming appropriately bullish setups while there are others forming neutral phases or ones that are more bearish in the market. With Luna now I discovered an important coin that managed to hold its position throughout the crash and is forming a major bullish formational structure on which it can build up, therefore, I detected the main structures and formations to consider here. As when looking at my chart we can watch there how Luna is forming this massive ascending-channel-bull-flag-formation marked with the blue boundaries and the coherent wave-count within with the waves A to E already completed. Now as Luna bounced within the lower-boundary of the ascending-bull-flag-formation to the upside it moved on from there to test the upper-boundary of the formation. Now with these determinations, we can also see this triangle-formation forming in the structure above the 35-EMA in red and the 10-EMA in green which is actually the right setup for a continued breakout to complete the triangle and when this happens a final breakout above the upper boundary of the ascending-channel-bull-flag-formation will be the origin of great continuations. Taking all these factors into the consideration here with Luna we have a bombastic structure on which Luna can build on and finally complete this whole formation appropriately. When the formation is completed as suggested this will activate the bull-flag-target-zone marked in my chart in blue in the 300 Usd level. Once Luna has reached out to this level it has to be elevated how Luna continues from there, remember that we always trade what we see not what we think therefore we will see how these structural determinations will move on forward with Luna. For now, Luna is one altcoin that is forming this great formation, there can be others as well that have some good potentials, let me know in the comments and I possibly look into it. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
13
LUNA Terra Upcoming Price ActionHello friends, today you can review the technical analysis on the 4H linear scale chart for Terra ( LUNAUSD ), an altcoin cryptocurrency. #CryptoPickk noted in the chart: 1) Terra price has been moving up a rising channel since August 2021 with the price currently looking to re-test the top of the trendline which would create an all time high for Terra. 2) The price is being supported by the green Ichimoku Cloud. 3) The Fibonacci Extension level, if the price breaks out of the channel, would meet the 1.618 level at $78-$80. That would be about a 50% price increase from the current price. 4) The Volume is coming back in from being low for a while. 5) The RSI (relative strength index) may possibly break the top trendline which has been resistance for many months. 6) The Stochastic RSI (Stoch RSI) is in the overbought region but has hovered there in the past for multiple days. 7) If price gets breaks downwards, expect to re-test the $41-$45 range where the Ichimoku Cloud support is as well as the 0.618 Fib level. What are your opinions on this? 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
LLong
by MillionaireEconomics
8
💡Don't miss the great buy opportunity in LUNAUSD @terra_money Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (44.31). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . LUNAUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 59 Take Profits: TP1= @ 46.96 TP2= @ 48.67 TP3= @ 50.28 TP4= @ 52.43 TP5= @ 54.99 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
7
Terra Luna price forecastHello. The analysis of Terra Luna follows, looking at the graph against the Dollar and Bitcoin at the same time. (I think it's a fantastic project with enormous potential to grow... its MarketCap is still smaller than that of ShitCoins like Dodge, Shiba and XRP, which doesn't make any sense...) LUNA/USD The price continues to respect the exponential moving averages of the maximum prices of the last 9 weeks (green), 21 (blue) and 50 (orange). The average of 21 served as support twice holding a bear trap. In addition, we have a long-term bearish ascending wedge. I believe that sooner or later the price will break up and then down (considering the context of the LUNA/BTC chart). This may take some time...I believe it's on the purple line on December 20th. The price could reach up to U$70 in an optimistic scenario, and U$125 in a super optimistic scenario. And in the end-of-the-world scenario, the drop would be up to US$23. LUNA/BTC Nowadays, it is difficult to analyze an asset only against the Dollar or any other inflationary state ShitCoin that only loses value. Therefore, it is very prudent to analyze its real value in relation to Bitcoin. So, in the graph against Bitcoin we also have an ascending wedge. If the price follows the uptrend and hits the resistance line of the wedge, which coincides with the Fibonaci target at 78%, we will have a rally of between 50%~70%. In a super optimistic scenario, we would have a rise of 150%. When the buying force is exhausted, the price will break the wedge down. Summary Considering both charts, the scenario is optimistic, however there will be a certain period that it will be good to be aware of if there is a strong correction after the uptrend exhausts. Good winds!
LLong
by andre_007
Potential Metaverse gemMetaverse projects are going parabolic this weekens with the announcement of the Facebook rebrandind structure. Theres about 3 billion monthly Facebook users, with only a fraction of these rasping the possibilities of the metaverse. With parabolic rises and still low amount of metaverse interaction i see a huge potential in this crypto sector. I see a HUGE opportunity if this retraces down to meet the POC, or the support level below. Other than that a breakout trade should also be primed.
TLong
by PatrickTraderr
1
LUNA trades at $44.77Terra is another top crypto to buy. Built on the Cosmos blockchain, Terra protocol is a comprehensive, end-to-end payment solution that leverages stablecoins to power the global payment networks. So far, the protocol has attracted interest from several payment solutions of over 15 initial partners, with a combined $25 billion in gross merchanised value (GMV) signing up with the protocol. The Terra blockchain has been on a tear in the last few days with the successful launch of the Columbus-5 upgrade. The upgrade meant to enable seamless transfer of Terra’s stablecoin TerraUSD, LUNA, and other digital assets between networks are seen as a long-awaited answer for the protocol’s stablecoin expertise. Also, the expected burn or permanent reduction of 10% of all LUNA tokens has lent more wings to the protocol’s growing popularity. The impressive fundamental of the coin has seen LUNA surge in the last week with over 19.80% weekly gains recorded by the protocol. At press time, LUNA trades at $44.77, up 3.76% in 24 hours. LUNA’s MACD shows that the digital asset is trading on the buy zone.
L
by BernardMikhail1