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LUNA Terra 1D ChartHello friends, today I am completing a technical analysis on the 1D linear scale chart for Terra ( LUNAUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators. #CryptoPickk notes the following: 1) Terra price has been exploding and took no consideration for the recent crypto market crash, however as anything goes up fast, it goes down just as fast. That's a life rule if you are not aware. 2) If Terra price retraces downwards assuming the price comes back down to the wick, it could retrace back down to the 0.786 Fibonacci Retracement level at around $10-$11. 3) The 0.786 level has been an altcoin retracement level for many crypto altcoin. 4) This would also be supported by a multi-month trendline which is around the $10-$11 range (in yellow color). 5) The RSI (relative strength index) and Stochastic RSI (Stoch RSI) are coming out of the overbought region and have potential to get down to the oversold region with a drastic price drop. 6) Terra has moved up very quickly over the past week and it may not be sustainable without proper consolidation so be cautious. 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
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by MillionaireEconomics
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
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
Terra a fiat - pegged stablecoins Terra luna to earn from stable coin Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand. build with ethereum and solana Rank #12 Coin On 353,117 watchlists Terra Price (LUNA) $51.88 0.64% 0.0007746 BTC0.55% 0.0108 ETH0.18%
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by doqstrader
🦅 LUNA Wk of Oct 4 Lines on charts... LUNA/USDT, 8hr 200EMA So my last chart for Luna worked out pretty well. In fact, I think Do Kwon borrowed my path up for Luna's trajectory. ;) LUNA has been in a solid channel up since the Col 5 upgrade. I'm still bullish but I think we're going to see a pullback soon, then a period of consolidation. Watch the 8hr/12EMA which it seems to be respecting at the moment. IF it breaks that or the lower channel, this will pull back maybe to the lower trend line or the 200EMA (possibly to $36) before the next real leg up continues...which it will do as more projects come online, UST gains adoption and LUNA burns. Happy Uptober but remember there is almost always an October surprise. Good luck!
Long
by Accipiter107
2