LUNA consolidation areaFor those of you thinking LUNA will reach $1, you need to know that this is impossible!
At this price, $0.0001648, LUNA has a mk cap of $1.07Bil, which is still pretty high compared to its current fundamentals.
The highest valuation that LUNA had was $40+ Billion at its peak.
So the best case scenario, FOMO included, is for LUNA to reach 0.006592.
Looking forward to read your opinion about it.
Terraluna
$SHIB or $LUNA? Best gamble trade to be taking today. 🚨⚠️🚀💩A month ago this idea wouldn't have even been a thought in anyone's mind. However the recent super-crash of $LUNA has put it in the same risk-category as any sh** coin. IMO $SHIB will have some opportunities coming for anyone who would like to trade the retail hype. At the same time I personally believe that $LUNA has become somewhat of a "meme-coin" itself at this point, however more like a "meme-stock" with massive pump-potential. (Should things play out in the right way) Because of this, I have charted the performance of $SHIB vs. the performance of $LUNA. It seems that $SHIB will be somewhat battling against $LUNA for the immediate future, but will then be overtaken, with a possible massive rise in performance by $LUNA against $SHIB. This could also turn out to be a nice "double-play", as a trader COULD POSSIBLY use this ratio to make more $SHIB (if $SHIB stays lower while $LUNA rises) then sit in that $SHIB position until a take-profit level is hit by $SHIB.
**This is all my own personal opinion, based on chart data. Not Financial Advice**
LUNA/USDT - May 22Hello guys,the price now is receiving main support here and we are expecting to increase
On the other hand If the price loses the level of 0.0001, it is possible to fall up to 0.00002, so at this level, it is better to consider capital management more.
always make your analysis before a trade
it is not offer to trade.
good luck
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment
thanks.
There are some signs for Luna increase.First tp is 42 Dollar. Yes 42 as a long term.
Luna is dealing with a flag pattern and after great pump the other day has potential to break this flag .
In my opinion technical analysis speak us and there is no reason all of us waiting for special news.
Technical says that everything is good and will be.
Crypto market must spreads trust for all traders and it means that 1$ LUNA.
What's Next On APE (complete analysis)Interesting fact about the current APE situation here I give detailed analysis.
First, Ape breakdown from the overall 70% Fibonacci retracement which is unlikely, then it went further to break the 100% Fib. retracement again this is very unusual considering how bullish the APE market was but it happened due the the overall catalyst (BTC, UST, LUNA).
Now here comes the big question, are we done with the downtrend?
Yes we are. How?
On the right hand side you can see that a break of structure (BOS) occurred causing the manipulator, market monger, stop loss hunter (whatever name you give them) to take/provide liquidity, wait that's not enough, yea but I have more.
On the chart you can see where I annotate HL(higher low) and LL(lower low) while the RSI indicator forms the opposite LL,HL which is a strong bullish divergence
Now we have 2 scenarios the symmetrical triangle or the descending triangle. If the symmetrical triangle breaks down, you might want to watch out for the descending triangle before exiting the trade if you check my previous analysis on symmetrical triangle you will notice I mostly have 2-3 backup plan for it.
Unless I see a divergence at the oversold region of the RSI or again some unfavourable fundamental news and of course possibly BTC dump, I am holding my long position on APE.
Build your buy/long position in between the 0.78 Fib. retracement and 1.00 Fib. retracement price level and set your stop loss at $6.55 for mid - long term while for short term set stop loss at the breakdown of the symmetrical triangle to the especially if price closes below the 100% ret. level ($7.280).
Have a suggestion? What do you think
comment below, like and share also see t.me/dewycandles for records of profit bagged from our APE analysis.
$LUNA #LUNA Play the HorizontalsHey Everyone - just wanted to share a my perspective of playing the horizontal lines. #Luna has been in a downtrend but there can be small opportunities to scalp. This channel has now bounced on support for a 3rd time. Be smart and set your stop loses. NFA. Good luck!
LUNA IS NO MORE - SCAM 💩 GOES FOR A NEW ALL TIME LOW ( ATL )Luna dumped once again after a fake rally and here we see many investors are stepping out already and some went really got wrecked and worthless. So here if the key level breaks out to the downside we will further decline towards the bottom level and greater chances to create and ATL
DIVERGENCE SHOWING ON 2HRI believe there is Divergence showing on the 2hr chart. This combined with a possible breakout of the falling wedge, also adding Luna's recovery plan. Could be a good signal. IF we can hold above the .00012 resistance line. If not be prepared to run. LUNA has failed. This is no way financial advice. I am completely new to charts, Self thought so please be easy on the constructive criticism. Let me know what you think. Hopefully Luna survives the next 12-24 hours. Good Lucky!!!!
More downside before upside.BTC at around $28,700 area right below what used to be a strong support level at $29,000. BTC has tried 3 times to go over $30k but it has failed to break substantially above it forming a wedge pattern. The 200ema is above the 50ema and below that the 20ema, signaling bearish momentum. The most likely scenario is that we go back down to that $27k area before we get another pump up to the $30k resisatance level and test once more.
Why is BTC down?
FED moniteray policy (intrest hikes)
Inflation
Terra (Luna) crash and UST depegging
I dont think we are going to test $25k for the moment because BTC was over sold when it hit that area due to multiple factors (mentioned above), more likely $27k is the first stop down, but if after hitting $27k we go up and get rejected at $30k again $25k becomes more likely.
Buying opportunity?
Yes. Extreme Fear rules the crypto space but if you have a little cash around it is a good time to get some BTC, I wouldnt spend all my money on t just incase there is more downside but anything under 30k right now is a good buy.
Save some cash!
Cash is King right now, its not only BTC that is down, all markets are down so be smart and invest wisely and keep some cash reserves.
Are you going to ignore this beautiful chart of Luna?The Crypto market with no doubt is a wild market. you should NEVER EVER sell your assets. Keep, HOLD for at least 2-3 years. just buy and buy, more and more, accumulate and stack your storage with more coins.
Never GIVE UP! just buy and hold. Luna has a system problem and they will fix it. the back of this asset is UST and has got a massive impact. now, this huge project is getting back on track. we all bought it yesterday.
Could TerraLuna restore TerraUSD PEG with $Hi folks,
The #Terra protocol is doing well and needs no further bailouts 1-2-3 or whatever planned by Do Kwon. Now we have to let the market regulate itself naturally.
Indeed, the spectacular crash of the past week was painful for everyone. Nevertheless, I think it is part of algorithmic phases of the Terra protocol itself. The protocol grows by successive phases of expansion and contraction. We have simply witnessed a phase of brutal contraction. This phase could have been amplified by an hypothetical attack but no one knows right now.
Now, we have to wait for the market to do its job of natural regulator. Namely, slowly raise the #TerraLuna $LUNA to the price of $0.0017 per unit. At that time, the #TerraUSD $UST will naturally PEG with the US dollar. It’s only a matter of weeks. In fact, the regulator is already playing its role.
Once the market has played its role of natural regulator and therefore the TerraUSD UST will again be worth 1 US dollar thanks to its symmetry with the LUNA supply, we can begin the expansion phase of the Terra protocol.
During this expansion phase, we will see the TerraUSD UST supply increase and the #LUNA supply decrease. Once the PEG is reached, the decrease/increase of LUNA/UST will begin at approximately 612 LUNA for 1 UST until reaching in a more or less distant future the value of 1:1 or even more depending on the pace of adoption.
So, let the market regulate itself and digest this contraction naturally instead of trying to manipulate it with more or less hazy hypothetical rescue plans. This is the price to pay for a decentralized currency. Moreover, we are not safe in a distant future from a new contraction of the protocol which will resorb itself to leave after a few days or weeks a new phase of expansion.
Therefore, this contraction could be beneficial for all #cryptocurrency markets since it will bring a significant amount of fresh UST to the market when people will redeem their LUNA for UST once the PEG restore. And we know that cryptocurrency markets are in desperate need of fresh liquidities.
So, yes, I'm long. And the impressive volume of Terra Luna exchanged speaks by itself.
Have a nice day
Short Term Swing Trade - LunaDetails on the chart!!! Bullish Gartley pattern is completed
Entry: 0.00020540
TP: 0.00075427
Stop Loss: 0.00010520
Take Care!!
luna Made Perfect bullish Gartlay Hormonic it ll Jump soon luna Made Perfect bullish Gartlay Hormonic it ll Jump soon
also 0.786 Retracement done now luna bullish
Anatomy of LUNA's technical breakdown - a painful meta-analysisLUNA (and UST) rocked the (crypto) markets last week, and hogged the headlines. There were many who got wiped out, and the prospect of recovery appears very remote, if at all.
Here I would like to share why I chose LUNA to be a major part of my portfolio, entered and managed the trade (I would not term this as an investment, really). I hope that this sharing can be a good starting learning point of some fundamental factors that we all need in risk management.
Luck comes along with hard work and preparation, so just keep at the good stuff, always.
For the early part of 2022, a triangle pattern was forming with LUNA, following LUNA's surge in late 2021. Had missed the breakout in late February and had to wait for some pullback, which was shallow. Entry was taken as there was about 50% more of the projected target (see green arrows). MACD and RPM was favourable at that time too.
A surge pushed LUNA closer to target and about 60% was taken off, since entry was significantly large of my portfolio, and this was redistributed elsewhere.
A retracement took place and almost closed the trade, but one day more made a difference with yet another surge. This time, it got closer to the projected target but retraced just before. Had decided to project the next target level, and kept trade open for the time. LUNA was performing well about this time too, so that was a consolation.
In early April, again, it failed to reach projected target and I had decided to allow this to bake longer as the remainder of LUNA that I had, I was willing to hold longer.
Then the technical breakdowns started...
It returned to the near the entry price, and if it went below further for a day more, I would take it off. Yet again, a surge off that (critical) support level happened. It was very clear that this is now my OSL... LUNA spiked to break above the 55EMA, and reach a resistance in three days, and then consolidated, as bullish technicals faded away slowly.
Yet another retracement was effected, after a lower high, no less, and tested the critical support OSL again. A short bounce ensued, and this time, as it failed the resistance, and perhaps more importantly, the 55EMA. Furthermore, the RPM was turning bear, adn MACD was weak. So, I decided that it was enough.
Closed out the last 40%, meant for longer term hold, and walked away happy.
Started to take notice that LUNA was getting into the news, initially saw UST, and then LUNA got mentioned more.
Barely two days after closed trade, LUNA depreciated so much that it was clear something was not right. Technically, the bears were moving and fundamentally, some serious shit was happening.
Then it broke the critical support, aka OSL.
And that was it... free fall.
Then we started reading about many who lost fortunes from this breakdown.
Few personal takeaways I have to share, in good faith:
1. It is a trade, not an investment, so keep an eye on crypto positions always. Volatility is part of crypto and it must be accepted, monitored and managed;
2. Read more about what you buy, and keep abreast of its developments. Apparently, a lot about the UST peg was criticized, and admittedly, I read none of those prior;
3. Have good technical analyses and keep a simple set of rules for engagement;
4. If always make sure your tokens are nimble, even if you are staking. A quick retrieval to sell off if and when required is needed. The amount of time you need must be overestimated, and so you know that you need to act eariler, rather than later; and
5. Always have that sacred OSL , and respect that if it is ever broken, you also need to break off the trade.
The last point is by far the MOST IMPORTANT takeaway.
I kept to mine, and it saved me, unwittingly.
Many others, even in the equities market, have asked of late, what to do...
Thing here is, we need the solution before the market tanks; we know the solution(s) too. So, need to form the habit of letting go when it is time, so that we are free to move along and recover.
As we go through the next weeks recovering our wounds, I hope that you find it in your spirit to understand what happened, both external and internal. And we can only control the control-ables (internal), namely, our actions. So develop a set of steady rules, keep to it, and always have that OSL. It is a live saver.
I shared the above, in good faith, as I think it need to put out my learning points of the weekend. I do beg your pardon if it rubbed on sore points, and if it did, it means it needs tending. Read, analyze, and discuss... I believe that there is enough of a community there to help each of us get better.
2022 is a more volatile year, good for those who know how to manage.
God bless and take care.
Luna triggers h&s pattern after ust depegs from the dollar. We can see it overshot its breakdown target due to the immense fear, uncertainty, and doubt created after UST de pegged from the dollar twice over the weekend. Now that it has reached its breakdown target its uncertain of whether or not it wills top dumping but we can see in the process it has created a lower low which is not a good thing for maintaining its overall uptrend. However Bitcoin has yet to form a lower low until it dips below 28650 or so. If bitcoin ultimately forms a higher low before it’s next uptrend there is a chance it can pull luna up with it. For now Luna looks very ugly, so I can’t in good conscious even entertain buying the dip at the moment.
LUNA BUY - CHECK IT...I'm in at like 0.44 or something so down about 35% right now but it's all gucci, whatcha think?
Thoughts about the LUNA and 1 cent. The situation with LUNA reminds me the situation with Shiba. People do not pay attention to the market capitalization of the coin, etc., they just think that 1 cent is real and that’s all. This is a kind of psychological factor. Buying a coin for a $100 or several thousands coins for $100. .. Luna currently has a market capitalization of 2 billions. If we assume that the capitalization will grow 10 times and the founders will burn half of the coins, then the goal of x100 is very real even from this point.
The only thing we don't know is what the founders have in mind, so it means that coin depreciation is also real, it’s just might become zero. Who wants just take this risks.
And one more thing that I see, the crypto community missed about such memes, the Luna communities in social networks are growing fast and it’s very large rn, and this is another very strong bullish factor.
How I spotted the reversal on Luna In Real Time. In this video i break down how i spotted the reversal on LUNA as it reached its bottom.
We dont know if this will truly stay the bottom all we know now is many people including myself took this trade with some of us yielding as much as %20,000.
Pretty crazy I know. Don't worry there will be plenty more opportunities for this. PLEANTY do your research find products and projects you trust luna is at the moment not one. This was more of a gamble.
Following narratives like gaming nfts etc think deeper. Research the team, understand the entire block chain. Watch videos listen to podcasts. Educate yourself. This game can get more solidified and consistent for you if thats the route you choose many millionares will be made in the next 12-24 months.
Will be looking to short US30 next week. Will keep you posted upon confirmation.
XAU still looking bearish overall. I can see some retracment tomorrow evening back up for about 5-6 Points.