#LUNA #CRYPTOI recommend selling the LUNA coin because it will drop to the price of 51 and then it will be reversed. I recommend buying and selling from 51.
LUNASHORT
Terraluna
Terraform Labs CEO on Advantages of TerraUSD ($UST) Over CentralIn a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the limitations of centralized fiat-backed stablecoins.
Kwon’s comments were made during an interview with Kate Rooney, a technology reporter for CNBC.
According to a report by The Daily Hodl, Kwon said:
“I don’t think that there’s anything wrong, per se, with backing stablecoins in terms of dollars. It’s just that there are some limits to the things that you can do with the use cases of the so-called centralized stablecoins.
“The issue is that if you’re keeping a dollar in the bank account for every unit of stablecoin that’s issued, that stablecoin now has an issuer and an operator. What that means is that you have all the attendant compliance and custodian risks of having an operator and an issuer because, for instance, what happens if the company for some reason goes bankrupt? In that case, everybody that built interesting things on top of that stablecoin is now held hostage to the bankruptcy court…
“Or given that bank deposits are so easy to regulate, I think one of the things that we’ll start to see with centralized stablecoins is that there’s going to be massive compliance creep, which means that over time, you’re going to start to layer on things like KYC requirements and sort of vetting what types of applications can use a stablecoin, which isn’t necessarily appropriate for all use cases.“
Kwon believes that a decentralized stablecoin, such as TerraUSD ($USD), which is not backed by fiat reserves, does not suffer from the aforementioned limitations:
“A decentralized stablecoin, as something that is backed in native cryptocurrency like LUNA or Bitcoin, has the property that there is no issuer, there is no operator because anybody in the world can trade in a dollar’s worth of Bitcoin, can trade in a dollar’s worth of LUNA to issue one TerraUSD. This has the nice property that it makes decentralized finance truly decentralized.“
$1800 Luna?!This simple and valid channel shows us the support line of Luna is rising up and the ceiling of the channel is almost at $1800.
How do you rate Luna?
Is it even possible?
Terra: Into the Pool 🏊Terra has let go of the orange zone between $140.82 and $118.55 to drop down. Now, it is about to dive into the blue pool between $83.07 and $62.20, where we expect it to do some laps and to complete wave (ii) in blue. Afterwards, Terra should feel chipper and refreshed enough to start climbing upwards. To realize this, though, Terra should not sink below the support at $46.56.
Luna structuresJust an overview of my current theories. We'll see where to next. If the structure stays true to form who knows.
🆓Terra (LUNA) Apr-12 #LUNA $LUNA
LUNA has corrected down a lot from the $120 zone to the $80 zone, which is also the 0.5 Fib level of the uptrend from February to now. So we can buy LUNA at this $80 zone and expect a rally to $110 or even $140. However, it can still fall one more time to the $70 zone to test the MA200 line.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 80$ zone
🔴Buy : 80
🔴Sell : 95 - 110 - 140
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 80$ zone
🔵Sell : 80
🔵Buy : 70 - 60
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
LUNAUSDT Broke Supports - UpdateAs we said before, it lost the dynamic support range of the channel and is losing static support, which is strengthened by the pullback. We expect support up to $ 80 and then $ 72. I emphasize the fall becomes stronger when the pullback is completed.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Luna Luna that's where you are going...Luna Luna where are you going after weekly bear divergence?
Peg strong UST is
Strengthen by BTC
To support weak LUNA
Weak LUNA is...
50?
0?
LUNA/USDTPERP BINANCE BEARISH POINT OF INTEREST Bearish point of interest was marked, you can refine it to LTF and check for a ltf choch when it reacts on the POI.
LUNA countLuna could be finishing up wave 3 here. if So i do not expect its correction to be deep since wave 2 was deep. therefore a retrace to the 0.382 could be reasonable . If not, the 0.5 is the next support with confluence! notice the slow bearish divergence forming on the MTF wave indicator
Terra LunaEverything is in the Graph. Bearmarket not yet here, and if we enter a Bearmarket, it will be smoother than you think.
You don't want to be a Shorter, but a "Bottom Fisher" on big projects.
What Is Terra (LUNA)?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
- Notice in this analysis the perfect harmonic ascension in Fibo Channels.
- i will post older analysis from 2021 in comments.
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Trading Plan
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Buy : 60$-56$ (Gift Buy)
Buy Breakout : 77$+
TP1 : 77$ ( if Luna retrace in Buy Zone )
TP2 : 95$
TP3 : 119$
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SL : under 49$
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Stay Safe, Trade Wisely.
Happy Tr4Ding !
TERRA LUNA USD ANALYSISTerra Luna is performing pretty well. We overcame the double high and we are heading higher. It is always hard to predict the new high when we do not have the data. I expect something around $150 but be aware of pullback.
$LUNA UptrendRough sketch of our $LUNA channel. We're bumping the top of the uptrend channel on $LUNA daily. I will wait to see if it comes back down to $102 to accumulate more. I'm a long term investor on this but like to select nice entry points for accumulation.
Lunausd price prediction as long as the market is bullish Luna is ripping. but I wanna be extra cautious because next week we have several economic data and FOMC minutes too. I missed my perfect entry and waiting for pull back.
Luna could pull back to my buy zoneLuna at 4 hour time frame shows signs of weakness in the upward move. A pull back to $82-85 is possible in the near term. Based on the recent historical move when Market Cipher gave us a similar exhaustion signal, we could go down as low as $77. I will be looking to sacaling some Luna around $82-85 level.
Luna possible double top scenario.Hello All. Looking at LUNAUSD on the daily timeframe, we see that the price has formed a second peak at around $110. While the price can surge towards new all time highs, it is more likely to see a retracement after a 130% run.
Currently LUNAUSD is inside a rising channel with a resistance sitting at around $115 and the support at around $95.
Stochastic RSi shows a reading above 80, meaning it is overbought and needs a pullback.
My optimistic pullback targets will be the 50 day EMA at around $85, and the fibonacci golden pocket $76-$78.
A technical pullback target and to confirm the double top pattern will be at the major support/neckline at $50. Pullback to 200 day EMA is also very likely.
Thanks for reading, and stay tuned. Enjoy.
Terra LUNAUSDT - Huge ascending channel + Tripple top breakout!- LUNA rank 9 on coinmarketcap.
- We have a massive ascending parallel channel on the daily chart and it's very likely to touch the upper trendline of the channel.
- Currently we can see a tripple top resistance, which usually leads to a great breakout.
- You can sell LUNA at the top of the channel on logarithmic scale.
Luna price action currently above cup and handle rimline.Of course it could dip back below it like many cup and handles tend to do after the first initial break above the rimline..but for now it’s testing that line as support and once it verifies the breakout it should make more than 50% gains from here. No breakout confirmed just yet but seems likely in the near future. *not financial advice*
terra btc buysI lined up terra's btc buys since the beginning of the year. Over the last week they have bought 18k BTC (~$800m usd) worth. More dry powder coming
LUNA 🌒📈 bullish patternOnce LUNA breaks long term resistance point highlighted @107, we will enter price discovery and make new higher highs, ATH!!
Great project with their UST stable coin backed by Bitcoin.
The Fork Abides - Luna towards $160It's official! LFG.org has bought ~1 of the 3 billion UST worth of Bitcoin to serve as a depeg back stop. Seems that this buying is one of the catalyst for digital assets taking off a bit lately. The chart still looks like a cup and handle to me. That would point us to around $160 on a big, first pulse. Also looking at the low 200s if Luna FOMO kicks in. Most likely move is to 130-140 and continued gradual growth. Luna you are a strange bird in the world of crypto
LUNA: wait to make a moveLUNA almost touched ATH, bounced on a resistance at 100 USDT and looks like it's retracing. Before Do Kwon bought BTC yesterday this coin was assuming a bearish trend as it was already out of the bottom of the channel. After the massive BTC buy we can see it entered back in its ascending channel . Unfortunately I was shorting as I didn't know the "BTC shopping" was due for yesterday and I even lost money.... bummer!
All the indicators are lower than when price was at similar price last December, which isn't very ipsiring however volume increased and this can be a ring bell, if people gets excited and start FOMOing TA doesn't matter anymore. MACD is approaching a point where it could flip bullish as well.
Current green market it's all LUNA foundation buying BTC , if this brings back hype in the market then we'll see average investor sustain current prices otherwise when Do Kwon will stop buying BTC will fail to create support and go back down. Right now everyone is euphoric but try not to FOMO in.
About LUNA price: after not going over 100 USDT it's now over the channel's lower border, if it goes down next stop is 94. If it pumps again and makes support at 100 we'll see a new ATH.
My advice right now is not buy nor to sell until one of these two options materialize. I'll post screenshots in the comments.
Luna - Cup and handle pattern**I bought Luna**
Luna is one of the few altcoins that is trending up on most timeframes these days, it is also about to break out of a cup and handle pattern that could take us as low as $140.
Entry: 99.70
Initial target: 140 (40%)
Stop: 79.95 (19%)
Volume: 7.5%
