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LUNA CLASSIC LUNAC .00028 Support Failed Next Stop .00026-.00024LUNA CLASSIC made the move I expected. It broke right through the .00028 level and is now headed down to .00026 and .00024 if that support fails. I think a small bounce at .00026 is probable and then I think we're continuing the downward trajectory to .00024 and then .00021. If we break below .00024 and close below that on 2 15 minute candles then we are headed to .00021 and then we will re-evaluate, stay tuned and follow for more updates. This is not financial advice this is just my opinion. Good luck my friends. P.S. I saw a 2 drive bullish divergence on the StochRsi so we may have a bounce back up to .000288 or so before the downside continuation.
Short
by Bitgolder
12
LUNA CLASSIC LUNC Failed To Get Above Resistance, Getting Weak!LUNAC hit major resistance at .00034 or so and it had a hard time getting above that. It broke down out of the falling wedge, invalidating the possible upside break. Luna then starting forming a rising wedge up to the bottom of the wedge it broke down out of and now that rising wedge has broken down. I see at least a move down to previous support around .000283 - .000287, we may have a small bounce there but I think its going to fall right through down to .00024 in the short term, probably in a couple hours. We may have a small bounce from this level back up to about .000303 and then slam down. The technical indicators are all looking bearish and weak from the 1 hour all the way to the 3 day. If LUNA manages to rally and close above .000303 then a move to .000307 is likely and then if we close above .000307 then a move to about .000316 is likely. if we break .000316 then we will probably rally to previous resistance at .00034 and re-evaluate at that time. Thank you for checking out my chart. This is not financial advice, this is just my opinion. If you like these updates then give me a like and follow me. Good luck out there everyone.
Short
by Bitgolder
4
Luna Classic LUNC: WTF With These Damn Head And Shoulders!!Luna appears to have formed another head and shoulders on the hourly. The measured move would bring us down to .000238 minimum and possibly lower. Technical Indicators are all bearish all the way to the 2 day. The inverse head and shoulders that was formed is probably invalidated by now. It may still play out but its not looking good right now. I expect at least a move to .00024, if the selling pressure is high then we may head lower from there. I will reevaluate at that point. Thank you and good luck. This is not trading or financial advice.
Short
by Bitgolder
21
LUNA CLASSIC LUNC Cant Break Resistance, Breakdown Possible :(Luna Classic was looking good yesterday, the run was going strong and then it hit a wall at .000335 or so and its had a hard time getting through that. Keep an eye on the .00029 level I think thats where we are headed now in the next hour or so, if we break that then we head down to about .00026, if we break that then we head down to .00024, if we break that then it looks like the macro head and shoulders correction may play out and we will see .00015 - .00009. Keep an eye on those support and resistance levels. I cant make too many charts today, I wont be home but ill try and update throughout the day. I am currently in cash, I sold at the break of the .000315 level and now waiting to see what happens. Good luck out there my friends. This is not trading or financial advice this is just my opinion and what I am doing. Thank you
Short
by Bitgolder
6
LUNA CLASSIC LUNC Possible Larger Inverse Head And Shoulders!Luna is in a current run playing out a measured move of the inverse head and shoulders I showed in the other charts I did. I just noticed that if the support and resistance plays play out like I think then Luna will be forming a much larger inverse head and shoulders on a higher degree of trend. That measured move would bring it to the previous high at minimum. This looks like a possible path for Luna Classic. Gotta be quick with this one it moves fast ladies and gentlemen. This is not trading or financial advice this is just my opinion. if you like ideas like this and frequent updates then give me a like and follow for more. Good luck out there everyone. Thank you
Long
by Bitgolder
11
LUNAC Luna Classic The Move Is Happening Now Neckline Broken!Luna is in the move to play out the measured move of the inverse head and shoulders. My minimum target is .000345 with an extended target to around .00038. The daily is still just starting its run so at these levels expect small corrections. At the .00038 level if we dont break and close above .000384 then a pull back to .000345 is likely. If we stop at .000345 and lose strength then a pullback back down to .000308 or so will probably play out. Not trading or financial advice, follow me for more updates. Thank you
Long
by Bitgolder
4
LUNA CLASSIC LUNAC Right Shoulder Complete, Break .0003 EASY $$Luna classic has completed the right shoulder on the inverse head and shoulders. A break of .0003 and we will see a minimum target of .000345 with possible higher targets of .000375. I think if we manage to find solid support around .00039 then this rally will continue to complete the measured move of the giant falling wedge/flag with a measured move to previous highs, minimum. Follow me for more updates. This is not financial or trading advice this is just my opinion. Thank you and good luck.
Long
by Bitgolder
4
LUNAUSDT12h The Terra Luna 2.0 price will be $1 or $11 ?A few days ago, we published the idea of ​​Terra Luna 2.0. And the fact that the LUNAUSDT price did not reach $8.5 and immediately fell to the level of $2.5 is a bad signal. We warned about the high volatility and manipulability of this asset. Trading LUNAUSDT with leverage is with possibility 80-90% drop of your deposit to 0. Two possible scenarios in our opinion from the neutral side, as we do not trade this asset: A positive scenario will come if buyers manage to fix the LUNAUSD price above $3.80-4. Then it will be possible to at least start dreaming about growth to 11-14 dollars. The stay of the LUNA 2.0 price below $3.80 indicates the weakness of buyers and, accordingly, the possibility of a further fall to the round level of 1 dollar We consider $1.80-2.20 as a critical zone of support for buyers, below which a drop of another -50% is very likely _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
15
LUNA CLASSIC LUNAC Quick Update: Bullish Divergence & BreakoutJust a quick update: Luna is pumping right now. Its breaking above the resistance in this massive wedge/flag its has formed. There is bullish divergence on the MACD and the RSI from the 15 minute all the way to the 2 hour, I think nice move up is coming. A measured move of the breakout will bring it to previous highs around .00053. If we fail the breakout of the wedge/flag and we breakdown instead then look for the .00012 level for a bounce/bottom of the correction. This is just my opinion and not trading advice. Good luck out there.
Long
by Bitgolder
6
LUNA CLASSIC / BITCOIN FRACTAL PAGODA, POSSIBLE MAJOR WASHOUT!LUNA looks like it has completed the head and shoulders patter I spoke about in my last chart and has broken below the neckline of this massive pagoda. This is not good and it can bring Luna down hard to possible lower lows if the drop is extended. I am seeing a correction to at least the .00012 area on a measured move of the cup and handle on the lower degree of trend. The higher degree of trend head and shoulders where the Pagoda was completed and is now trading below would give a measured move of about .00003 which is a real ball buster and I hope it does not play out. The thing with the pagodas is that if the lower degree of trend head and shoulders that form within the pagoda all play out and complete, the chances of the larger degree of trend head and shoulders to play out is lowered. Still possible but lowered. So here is something else I found. Bitcoin back in February/March of 2020 had this exact pattern almost and I saw the pagoda forming but thought that because the other smaller head and shoulders played out that we wouldn't see the huge drop. I was wrong and Bitcoin went from almost $9000 down to $3700, which was an even greater correction than the measured move. The measured move was only down to about $5000. The measured move is at least where its going, most times measured moves are extended when fear and uncertainty is high, which is exactly what we have now. So LUNA could possibly go to lower lows on this drop if the larger degree of trend head and shoulders plays out. The break has already happened below the neckline, and we are failing miserably trying to get back above it. It looks like its going for one more touch now and if it cant break the neckline resistance then I will be selling, and putting a buy order in around .00013 for the bounce and determine from there whether we are headed lower or if we are recovering. INVALIDATION: If Luna can rally and close about .00033 on at least a 1 hour preferably a 4 hour then I believe that the correction wont be as steep and a target of about .00014 could be the bottom of the current correction, before moving back up. Also today there was an arrest warrant put out for Do Kwon, this is confirmed by multiple reputable news sources. This shouldn't be bearish for Luna classic but it causes fear and people sell. Most haven't seen this news yet also it just came out a little while ago from posting this chart, just saying. This is just my perspective and my opinion, this is not financial or trading advice. Thank you all for the support and hit that like and follow me for constant updates.
LShort
by Bitgolder
1
TERR LUNA CLASSIC LOOKING BAD SHORT TERM! PAGODA EFFECT!LUNA looks like it has completed the head and shoulders pattern I spoke about in my last chart and has broken below the neckline of this massive pagoda. This is not good and it can bring Luna down hard to possible lower lows if the drop is extended. I am seeing a correction to at least the .00012 area on a measured move of the cup and handle on the lower degree of trend. The higher degree of trend head and shoulders where the Pagoda was completed and is now trading below would give a measured move of about .00003 which is a real ball buster and I hope it does not play out. The thing with the pagodas is that if the lower degree of trend head and shoulders that form within the pagoda all play out and complete, the chances of the larger degree of trend head and shoulders to play out is lowered. Still possible but lowered. So here is something else I found. Bitcoin back in February/March of 2020 had this exact pattern almost and I saw the pagoda forming but thought that because the other smaller head and shoulders played out that we wouldn't see the huge drop. I was wrong and Bitcoin went from almost $9000 down to $3700, which was an even greater correction than the measured move. The measured move was only down to about $5000. The measured move is at least where its going, most times measured moves are extended when fear and uncertainty is high, which is exactly what we have now. So LUNA could possibly go to lower lows on this drop if the larger degree of trend head and shoulders plays out. The break has already happened below the neckline, and we are failing miserably trying to get back above it. It looks like its going for one more touch now and if it cant break the neckline resistance then I will be selling, and putting a buy order in around .00013 for the bounce and determine from there whether we are headed lower or if we are recovering. I also want to say that if we do drop significantly, we will probably have a super fast recovery, probably V shaped, kinda like Bitcoin did in 2020. INVALIDATION: If Luna can rally and close about .00033 on at least a 1 hour preferably a 4 hour then I believe that the correction wont be as steep and a target of about .00014 could be the bottom of the current correction, before moving back up. Also today there was an arrest warrant put out for Do Kwon, this is confirmed by multiple reputable news sources. This shouldn't be bearish for Luna classic but it causes fear and people sell. Most haven't seen this news yet also it just came out a little while ago from posting this chart, just saying. This is just my perspective and my opinion, this is not financial or trading advice. Thank you all for the support and hit that like and follow me for constant updates. I will be posting a chart right after this one comparing Bitcoin's Pagoda AKA Rona Dump, in Feb/March 2020 to this one. The fractal is very similar almost exact. Im not getting shook out of LUNA, I am selling now and then re-buying at lower levels and doubling my holdings.
Short
by Bitgolder
LUNAUSDT Trade Terra2.0 without leverage and be careful near 8.5Terra Luna 2.0 will continue without its algorithmic stablecoin UST and aims to preserve the Terra ecosystem with hundreds of developers working on different decentralized applications. The LUNA token will be airdropped across Luna Classic stakers, holders, residual UST holders and essential Terra Classic app developers. In general, Terra Luna 2.0 is now attracting attention due to hype news and rapid growth in the last few days. Increased attention and the desire to earn a lot and quickly pushes market players with small deposits to trade with large leverage. Margin calls provoke increased volatility, which nullifies the deposits of both short and long traders. Moral: if you want to trade this coin, then buy it only on the spot and for part of your trade deposit. Then in the worst situation, the maximum that threatens your deposit is a deep drawdown of part of the deposit, but by no means 0 on the deposit. For now, the maximum that we assume is a rise Lunausdt price to $8.5 And then another deep correction to $2.5 may begin _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
31
LUNA TERRA CLASSIC USD CUP & HANDLE BULLISH MOVE TARGET $.00054LUNA has formed a cup and handle after its bounce from the death drop. There has been some serious interest in LUNA CLASSIC these day by big whales. Wallet activity shows a lot of accumulation and some by big wallets. One wallet has been accumulating large amounts and depositing it into a wallet owned by Binance? This is a direct copy and paste from part of the article. This wallet accumulated around 8.5 billion #LUNC and dumped it all into the 2.6T wallet that I hear belongs to Binance. After dumping that it has since started accumulating again and is currently holding over 700M. Is this Binance loading up??🤔🤔Although it was not confirmed whether the receiving address belongs to Binance, the exchange’s CEO CZ confirmed a few days ago that a burn is necessary. This might point towards better times ahead for LUNC if its supply reduces significantly courtesy of a token burn.LUNC has other things going for it. For example, outflows from its supply held by whales bottomed out at 43.57% on 12 June and increased to 43.78% by press time. This confirms that whales have been buying LUNC in the last three days, thus the bullish pressure build-up. In fact, the volume also saw a significant increase over the last 24 hours of 15 July. Now just imagine this for a second. Imagine CZ who is salty about losing billions from Luna crash is actually buying up the excess trillions and then BAAM he makes a post and says I'm going to burn 4 trillion coins in one day. Imagine the hype around that and the respect from the LUNA community he would get if he did something like that. He would also probably make many more billions in profits than he lost if he did that. Then the consistent burn of 1.2% and LUNA could easily see $.10 in the nearer term and single digit dollars over the longer term and then perhaps way down the road when LUNA has redistributed and gone through its boom and bust cycles and the burns have brought supply back down to the hundreds of millions or billions LUNA could see double digits and triple digits. Sure this is all hypothetical but thats how big money is made when you go from a hundred dollar investment to a millionaire. Don't think its possible, go talk to some of the DOGE millionaires and SHIB etc. There is tons of them. Anyways I wish you all the best of luck. LUNA for me is a no brainer. I'm loading up. This is not financial advice this is just my opinion. Thank you
KRAKEN:LUNAUSDLong
by Bitgolder
3
LUNCUSDT What to watch out on the short-term*** *** For this particular analysis on Terra Classic we are using the LUNCUSDT symbol on the KuCoin exchange. *** *** The idea is on the 4H time-frame where LUNC is extending the parabolic rise it has been on since the August 19 Low. As we mentioned in our previous analysis the break-out above the 1.0 Fibonacci level was an instant buy signal and the price is now approaching the next one, the 1.5 Fib extension. The 0.00045 Resistance from May 26 is now broken, so on the longer-term at least, a new pattern is emerging. On the short-term though, a sell near the 1.5 Fib on a tight SL on the Fib level exactly, can be solid with low risk targeting a little above the 4H MA50 (blue trend-line). A closing above the 1.5 Fib though would again be an instant buy signal, targeting the 2.0 Fib. On the other hand, a closing below the 4H MA50 (would be the first time since August 23), would be a sell signal targeting either the 4H MA200 (orange trend-line) or the 0.5 Fib (whatever comes first). On a side-note, notice the Channel Down on the 4H RSI and how well each Lower High and Lower Low have been excellent sell and buy entries respectively. Use this to your advantage. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
4