Terra
LUNA about to break out💥Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free
After initial impulse down and consolidation LUNAUSD is now about to move one way or the other. Price is approaching apexes of the triangles. Yellow the bigger one (zoom out)...
... and orange the smaller one. IF (and only IF) we break down from both of them, I would expect dump to Target1 (1.23) and then to Target2 (1.00). Target2 being the gap open (1st price tick) after re-listing on Binance:
On the other hand breakout to the upside could result in sort of pump. What do you think?
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LUNCUSDT Falling Wedge leading it to its doom. Unless..Terra Luna Classic (LUNCUSDT) has been consolidating since the December 16 drop having formed a Support Zone (green) just below the low of the FTX (November 08) crash. This consolidation is taking place below the Higher Lows trend-line that was holding since June 09. The price remains below the 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and the recently emerged 1D MA200 (orange trend-line).
This Falling Wedge will most likely take the price to its bottom (Lower Lows trend-line) by January if it breaks the green Support Zone. On the other hand a break above the 1D MA50, targets the 1D MA100 and further break there targets the 0.0002790 Resistance (1) of the November 05 High. The Resistance 1 is on the 0.0003710 (October 02) level.
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LUNC to pump⛽ again?Terra Classic seems to be ready to break up out of this triangle 📐 and if successful I think there is chance for run to 0.00035 and even higher.
ENTRY : local high @ 0.00028775
STOPLOSS (SL) : local low @ 0.00027075
TARGET1 : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00035
TARGET2 : resistance @ 0.00040
REWARD RISK RATIO (RRR) : TARGET1 - 3.6 | TARGET2 - 6.6
INVALIDATION : when SL level hit
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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.
Tether - The ominous precedent and another scapegoat?The recent market volatility and unprecedented movements in the cryptocurrency market brought along the critical question of stablecoin safety. Just within a matter of a few days, the whole cryptocurrency market was shaken up by the downfall of a stablecoin named Luna, which lost 99% of its value; this sets the ominous precedent for what might occur in the Tether (owned by Bitfinex).
Already back in July 2021, Jannet Yellen, the U.S. treasury secretary, summoned Jerome Powell and the head of the Securities and Exchange Commission to discuss Tether and the danger it poses. Then in October 2021, the Commodity Futures Trading Commission (CFTC) filed and settled legal cases against iFinex Inc., BFXNA Inc., and BFXWW Inc.
The actual text (only excerpts) from the CFTC website
1st excerpt
“The Tether order finds that since its launch in 2014, Tether has represented that the tether token is a stablecoin with its value pegged to fiat currency and 100% backed by corresponding fiat assets, including U.S. dollars and euros. However, the Tether order finds that from at least June 1, 2016 to February 25, 2019, Tether misrepresented to customers and the market that Tether maintained sufficient U.S. dollar reserves to back every USDT in circulation with the “equivalent amount of corresponding fiat currency” held by Tether and “safely deposited” in Tether’s bank accounts. “
2nd excerpt
In fact Tether reserves were not “fully-backed” the majority of the time. The order further finds that Tether failed to disclose that it included unsecured receivables and non-fiat assets in its reserves, and that Tether falsely represented that it would undergo routine, professional audits to demonstrate that it maintained “100% reserves at all times” even though Tether reserves were not audited.
3rd excerpt
“Tether held sufficient fiat reserves in its accounts to back USDT tether tokens in circulation for only 27.6% of the days in a 26-month sample time period from 2016 through 2018. “
Illustration 1.01
The recent disconnect in the peg between the USD and Tether is shown above. It can be observed that the panic lasted only little bit over two hours. However, slope of the decline is reminiscent of one in Luna.
Illustration 1.02
The weekly chart of the crypto total market cap shows a substantial decline since the beginning of the downtrend in November 2021. The orange line shows BTCUSD, a positive correlation between market-cap and BTCUSD. Bitcoin has the highest dominance in the cryptocurrency market; therefore, it has the most significant impact on the crypto total market cap's movement. A strong positive correlation can also be observed between Bitcoin and the tech industry; the light blue line in the lower graph shows Nasdaq 100 CFD.
Illustration 1.03
The picture above shows the massive drop in Luna stablecoin.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This idea is not intended to encourage any buying or selling of any particular securities; it is merely an opinion. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
30% RALLY AHEAD ON USTC WITH A BULLISH BREAKOUT 🚀Check out the trade plan for USTCBUSD today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Expecting a bull breakout on the following falling wedge pattern identified. Where we have completed the 5 waves in the bear trend recently. This can be supported by the support highlighted for a bullish reversal here for a decent 30% gain ahead.
LUNA IS NO MORE.. WE WILL SEE ANOTHER -40% DECLINE AHEAD!!Check out the trade plan for LUNA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Negative fundamentals over luna is impacting the price heavily on the lower timeframe. We have seen a complete wipe-off on the gains that happened since gamblers' entry. Now the holders who entered around the current market price are at risk due to another possible decline which can value a -40% or more in the meantime. Expecting another reversal / sell-off to happen on the following highlighted resistance area.
🔥LUNAUSDT SHORT TERM UPDATE!!🔥Check out the trade plan for LUNA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
LUNAUSDT Short-term trade plan on 30 mins timeframe on the trend line and resistance.
LUNA: Possible opportunity to look!!!Luna could to show us a good opportunity to buy this cryptocurrency and make money multiply x3 or x4. So, we could to make a projection that we're in the good zone to buy and make x3 or x4 to multiply our money if you like to hold and invest in this cryptocurrency.
That it's a good opportunity to invest in Luna if you want to make x3 or x4 multiply your money.
So guys, I believe that LUNA it's undervalued and I know that Binance it's burn the Terra circulating supply in this cryptocurrency
Luna 2.0 Analyze (10/06/2022)!!!Luna 2 was able to make a Descending Triangle.
It seems Luna succeeds in breaking the lower line of the descending triangle.
I expect that Luna 2 will go down at least to the trend line(Descending Triangle's 🎯Target🎯 = -9%).
Terra Analyze ( LUNAUSDT ) Timeframe 1H⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
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USTC POSSIBLE BOUNCE BACK OR BREAKOUT AHEAD ON THE KEY LEVELCheck out the trade plan for ADA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
USTC has completed the 5 wave impulses and now it's on a retracement. We have seen a sell-off formed by a double tops structure on the resistance. Here we have a bearish breakout on the trend line which support more potential downside. I am keeping an eye on key level 1 to identify if the price will do a bounce or a breakout following the future price action.
LUNC WILL DROP ANOTHER -22%. RISKS AHEAD!!Check out the trade plan for ADA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
LUNC will drop further after a few failed attempts to break above the resistance formed. Expecting another decline valued at -22% on the hourly timeframe. Trade with caution!!
LUNA🌑 round-trippingPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
What do I mean by the "roundtrip"? Please check the idea down below:
So after the call I did, LUNA mooned big time and gained 3.5x in matter of hours. Subsequently she got hammered hard and I think we are not done yet. Price is consolidating inside this long triangle for almost a week and if broken down then my guess is that LUNA can spill as low as 1.46, so it would retrace the whole pump and then some! The decision point (triangle apex) is coming so expect breakout either way soon. Critical levels (bearish/bullish) shown in blue. BTW the bearish level @ 2.48 coincides with the TARGET1 from original idea. Please zoom in to see the triangle and other stuff in detail.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
LUNC at support. Possible hidden divergence.Hello, dear TradingView members.
This is a LUNC idea.
LUNC has been pushing down on the Bollinger Bands for a while now. It seems like the price has been decreasing for those who are opening futures positions.
However, the price has been moving above a dynamic support area and seems like it has reached that level again; If you take a look at RSI, you can see a possible hidden divergence forming a short-term uptrend.
Also, the price has just reached the static support area (green box on the chart), which can push the price back up.
There are two resistance levels on the way up, so be careful with your positions and activate your Stop Loss.
RSI is near the oversold area, and the price has more room to go up.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.