Terraclassic
86% (with a one track mind)
TerraUSD (UST) was launched in September 2020. It has a circulating supply of 10,254,324,366 UST coins.
Happy CPI (Consumer Price Index)!
Market manipulation increases volatility, traders can avoid this whale tactic by basing their decisions on historical price trends (& Total Supply) instead of recent movements (drastic drop).
Bankrupt retest long. Targets $5 -> $47 Making a bet on retest*Sigh*
I know what you are going to say..
"Im an idiot"
Actually. I am just trading my plan...
I had a meme idea. Lets long this instrument with pure techicals.
Ride the possibility of a retest of resistance at $50 and set targets,
1st target. $5
2nd target $47
If this happens to be correct. I am F genious.
Look I just work at a bank, to be able to say the least that this is a gamble
And if you do fall into the red. Pull your positions.
Good luck everyone.
Cup And HandleHey Traders,
UST seems incredibly bullish . A Possible scenario is shown in the chart.
Cup And Handle Pattern:
1- The Cup and Handle is a bullish reversal chart pattern.
2- Cup and handle patterns can happen on both daily and weekly charts.
3- Take-Profit (final): When the price reaches an increase equal to the height of the cup ($ 0.062)
Will UST recover?Hi everyone,
UST and Luna were interchangeable allowing UST holders to exchange 1 UST and mint $1 worth of Luna, and vice versa.
UST’s model:
1. (No.1) UST > $ 1 -----> there is an incentive to trade $1 worth of Luna for one UST (why? because, 1 UST is always considered to be equal to $1)
2. (No.2) UST < $ 1 -----> there is an incentive to trade 1 UST, for $1 worth of Luna (why? because, $1 worth of Luna considered to be equal to $1 (Market Price))
What happened?
(No.3) on May 8, when the price of $UST began to drop substantially below one dollar, the (Luna) Foundation began converting this reserve (80,000 BTC) to $UST. (May 8, 1 BTC = $32000, 80,000 BTC =$ 2.5 Billion)
then, On May 12, Luna Foundation Guard swapped 883,525,674 $UST to 221,021,746 $LUNA
Result: at least in my experience, what always happens is (this case): this takes some UST out of circulation, driving up the price of UST.
In short:
Will UST recover? yes!
Money is not lost. It can be found through tracing!
Will the trend change? So we are currently in a range, and today we should see some sign of a reversal to higher levels, but first we need to break above the range, and stay above it.
LUNC Terra Classic Ponzi SchemeThe collapse of Terra's LUNA and TerraUSD cost investors over $40 billion.
Some of them lost their lifetime savings, others lost borrowed money and some even committed suicide.
This project made investors lose trust in the crypto space as well.
The CEO of Terraform Labs, Do Kwon, is facing criminal charges for building a Ponzi scheme in South Korea, Terra investors being victims of fraud. Billionaire Bill Ackman also considered the project to pyramid scheme.
Do Kwon was the one behind Basis Cash, another failed algorithmic stablecoin in which people lost $54 million.
Terraform Labs also lost US Appeal Securities and Exchange Commission Subpoena.
I don`t see a future for this project.
There is a chance that its founder, Do Kwon, end up in jail if the criminal charges for building a Ponzi Scheme will turn out to be true.
$LUNC Ready for Another 2X or even 3XBollinger closing down, ready to break out.
RSI ready for crossover
MACD ready for crossover
$LUNC trending on Twitter
Binance is claimed to be burning without forcing the price up.
I'm buying $LUNC
but: DYOR -- Not Financial Advice
6 candles range, and a 0.618 fib pullback. So we did get this pullback, it was a bit stronger then i did expect, we need to see some sign of strength upwards now.
We do have a high of 0.00018808, and a swing low (pb) of 0.00012600, let us see if we can break the upwards trendline, and continue the trend.
New update if we break the 0.00014540 area...
Big Red Candle here And spike in Volume.So we did get a pullback here, let's see if we can keep the upwards trend, and not break the pullback..
Going out for a while, stay tune.
We did get it guys! Let's go.Don't know what is happen, the old price data keep dissapear?
I'm in a support ticket with tradingview waiting for them to find the problem.
So we got a uptrend right now, now we need to wait for a pullback on the bigger timeframe, to see how strong the bears is, I would love to see an move down to the 0.00016.
let's wait an see.
Take care
Mads
New All Time High Soon or? Good morning people, nothing much to say here, let's get this to the moon, we need to see some kind of a pullback after this big move up.
Are we going for a All Time High? So we did keep the momentum upwards, and are close to the 0,725 fib retracement. But is the bulls strong enough to get it above the all time high? We need to see a little pullback, and a new swing high.
Break of an downwards trendline. Will it hold?So we did trade sideways from the previous pullback, where we did get a lower high, we still haven't managed to break the ATL.
Will this be a failed breakout, or will it find support on the trendline, and continue upwards to the red box.
Forming an Higher low,! Wwill it hold? Or continue the trendSo we did form a higher low, and find some support, now we just need to hold this, and break the Lower high, so we can change the trend again.. Some deline in the volume also, let's wait and see..
ATL rejected big spike in volume move up. So we did find enough people, so the bears was stronger and got it to the all time low, we still need to see if we can change the trend now, make an lower high, and higher high.
Will it break the All time Low? And the trend.Hello, so lets see what will happen with this old new terra classic, some big volume spikes... Will it range, break?
*Updates dailey.
