$wLUNA / $wLUNC - Number Go Up 🤞Medium term PT for $wLUNA / $wLUNC; Using fibs and traditional TA.
Catalyst: Potential Coinbase Acquisition
Wluna
WLUNA LUNC Luna classic symmetrical triangleI am using wrapped Luna data from Coinbase because it is the most consistent and did not suffer the meddling of the airdrop.
We can see a symmetrical triangle forming and currently price is at the triangle support. The RSI is in an uptrend after printing bullish divergences. The CCI is breaking it's downward trendline.
A small inverted head and shoulder has formed. I am targeting the 1.276 of the fib extension congruent with the triangle resistance. A breakout of the triangle has a measured move to 0.00042 at the 3.618 of the fib extension.
Let the Chart Tell the Story #WLUNARealistic WLUNA...
- 4M liquidity
- minting supply
- Increased volume/holders
Let's analyze this by the facts as traders do. I'll take a bullish & bearish stance.
Bullish:
- RSI finally moving after a week in the undersold zone as accumulation racks up, denotes stabilization of the price, set up for rocket
- Constant bounce off support of 0.00175, optimism for a moon if this continues to bounce off
- Do Kwon news and or positive sentiment by trading platforms has helped this support stay for the mos part, if anything else positive happens it should be a good buy
Bearish:
- right now, it is in a downtrend for price correction, this is normal, but also bad for a coin with not much optimism around it lately
- breaking the support at 0.000175 is fine really, as long as it does not go below 0.0001, this will send the bears in
- the RSI is a weak indicator at the moment and if it fails to go towards the overbought territory, there will be no rocket
- there is constant selling at around 0.00025, right now there is no momentum for a bullish run except for the bounce off resistance
:)
Let me know what you guys think, I am currently bullish. All in at 0.13 with a sell order at 0.8.
TWH - Which coins have pumped and which have dumped?Traders,
Overall our list is doing excellent! Many coins have pumped and many coins have yet to pump. Only a few have dumped and even the dump is really not that significant other than to take the coins out of prime setup.
These coins have pumped and no longer have high potential. I've had to remove them from my list. Congrats to those of you who were in these trades!
OGN
ZRX
KNC
These coins have pumped and I have left them on the list because they still have more to go. Congrats to those in these trades:
WLUNA
SKL
BAL
SNX
EOS
AAVE
APE
These coins have yet to pump but are positioned to do so soon:
CULT
CHZ
LCX
COMP
FOX
And these are the dumpers:
BCH
SHIB
DOGE
ETC*
ETH**
Quick note: Dump is probably too hard of a word. These coins have simply fallen out of prime setup territory.
* I didn’t take ETC out of the list in the video but I should have. That’s why it’s here.
**I overlooked ETH in the video too. It has fallen below the 50 day ma.
Will Luna provide traders a second opportunity to enter? Traders,
As you know from my earlier video, I was about to enter WLUNA this morning but due to distractions, I missed the entry. Anywho, I am not one to FOMO in as I know that opportunities abound to those who are on the prowl for good setups and entry areas. There are plenty of crypto fish in the crypto sea. However, I love LUNA! It had hit my entry area (green box) perfectly and touched that support I have been speaking about for so long at $78. And I am bummed that I missed my entry. So, I decided to revisit this chart.
The first thing I did was zoom into the 4hr to see what I could spot in terms of trends/levels/patterns and I immediately spotted this bullish descending wedge which we broke out of to the upside this morning. Years of experience has taught me that we love to revisit and pay final homage to significant resistance in a move I like to call, "Kiss Mama Goodbye". This is where we stop at resistance (89.67), turn around, and then drop back down to previous resistance (now support), testing it one final time.
If this move occurs like I suspect it may, then we LUNA fanboys and fangirls will have one final chance for re-entry somewhere in the green box or below. Watch for this and set your buys accordingly.
Best of luck to you all!
-Stewdamus
Which coins have pumped on our list & which have flopped?Traders,
Let's go through "This Week's Hotness" list that I put out on Friday and clean up our list. Some of these coins pumped big but many of them flopped due to BTC price action and fear back in the market.
⛓️ 🔗 Useful Links 🔗 ⛓️
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Stay LONG on LUNA!!!Unless LUNA breaks DOWN out of this channel, stay with it folks! The sky is the limit!
Here's where you might find your tickets to the LUNA or UMA Moon
I am visiting the charts on the hunt for tickets to the LUNA/UMA moon.
Terra Luna Coin Token Technical AnalysisLuna is hot right now. I want to cover some potential trade strategies, entry areas, and sell targets.
LUNA Coin Trade Strategies Discussed#LUNA #WLUNA Price action, buy in range, swing trade targets discussed.
Most Oversold Altcoins Right Now. Play the Dead Cat Bounce?In this video:
* We take a look at some of my favorite oversold altcoins
* We chart some levels
#WLUNA (2:30)
#QNT (3:19)
#AVAX (3:37)
#SHIBA (4:30)
#BitcoinBounceConfirmation (5:00-6:00)
#ENJ (6:14)
#SOL (6:53)
#ADA (8:18)
#JASMY (8:46)
#BLZ (10:30)
#OMG (12:00)
#FIL (14:00)
#OXT (14:55)
#STORJ (15:15)
#XLM (16:00)
#BNT (16:30)
#DOT (17:00)
#BCH (17:52)
#GRT (18:25)
Luna Wluna has hit the buy range several times. Did you buy?Traders,
Of course, much of the crypto market awaits further price action trend from our leader, Mr. Bitcoin. Currently (and for the past 4 days), Bitcoin has been unable to break support at 40,800. All eyes are focused on this very important level.
But if you are game for trading long in this tepid environment, they Luna (WLUNA) seems to be one of the strongest alts in the bunch. That being said, here are the levels and targets I would shoot for on this one.
-Stew
Luna is hot right now! Here's where I am looking to enter.WLUNA has come up into major resistance with the cross of a big level and our uptrending BLACK trendline. If we don't break through that (and probability suggests that we won't), then look for WLUNA to come back down to $67 or lower. This "Buy-in Range" is where I'll be looking to enter.
Best of luck traders,
- Stew
LUNA/USD LONG SET UP TO $110 (HODL)Buy at $75.00-$70.00 price area
Support: $76.50-$74.50/ $70.50-$68.50/ $62.00 -$60.00/ $52.50-$49.50/ $40.40-$38.50
Resistance: $80.00-$81.50/$90.00/$100.00/ $110.00-$113.00/$125
LUNA/BTC ASCENDING TRIANGLE BREAKOUT LUNABTC ASCENDING TRIANGLE BREAKOUT
An ascending triangle is a chart pattern used in technical analysis.
It is created by price moves that allow for a horizontal line to be drawn along the swing highs,
and a rising trendline to be drawn along the swing lows.
The two lines form a triangle. Traders often watch for breakouts from triangle patterns
Daily Crypto Market Update - Are the Bulls returning? Jasmy AltsIn this video:
* I start with the stock market indexes, assessing the markets reaction to the FOMC press conference yesterday
* Stock markets look to have received the Fed's statements well.
* VIX (fear index) dropped as expected. Indexes popped.
* All of this positive reaction still must be confirmed on the daily
* If the sentiment continues, it will eventually spill over into the crypto space and we will turn bullish again
* We are seeing lots of positive signs in the altcoin space
* I believe we are at/near our bottom and I like the entry benefits on many coins at these levels
WLUNA: Going Lunar to the MoonFirst off....I am sure many of you are aware that the market has been looking bearish recently with many traders predicting BTC to drop to almost 52 and ETH to drop to around 3500 to 3200. But remember these are only predictions. No one can correctly predict what level something might fall to. Always remember price action, supply and demand zones, repeated pattern breakouts are king. The current market conditions to me are looking like a reversal is coming. Many other Alts having bullish reversal setups, ( Bullish divergence on LUNA, BCH, DASH, LINK, BAND, ADA AND SO MANY MORE!) I think we have reached the bottom of this particular dip. ETH is struggling to go below 4000K, ( a whole number psychological level, a place where many buyers probably have setup limit order), Bitcoin Fear and greed index is also at 33 (twitter.com) ETH.D is looking to breakout of a massive weekly cup (), are reasons why I believe we will not dip further,. There is a saying in the equities market, be greedy when others are fearful, in my opinion this is that time to be greedy. Its the black friday crypto sale!
WLUNA is at a fantastic reversal setup along with many other alts. It has made a double bottom with a very bullish divergence on MACD and RSI and is at a high demand zone between 44 to 39. Above I have outlined the current market conditions and it is looking like we will reverse soon. But in the case we dont and we continue to slide, my stop loss for this trade is at 39.
Trade safe and remember. The market does not care about you!