LUNA/USDT Effort v. ResultBottoms are usually resultant from increased effort and less result. The current candle suggests that a bottom may be forming for a bounce at the least, if not a full reversal. We will need to see how the daily closes.
LUNA2USDT.P trade ideas
LUNA at Support The structure which a Draw I have seen Multiple Times in many charts this is what happens a Sudden dead Cat Bounce Comes because of the Bottom Hunter's and Short Seller's Profit Booking.
So I am expecting a nice 70 to 80% upside in Luna from here
DYOR Before Taking any Trades
LUNA BULLISH OR A TRAP?As you can see, Luna break out Trendline, EMA 20 try crossing EMA 50 in TF 1 Day, Break Resistance.
But, I think it will be correction cause there is Support (Resistance Before) around price 77. Retest for continue bullish.
Next target around 100.
What do you think?
note: only take position after confirmation and do your own research before trading.
Luna can tank upto $19After the Luna crash, the whole cryptocurrency community is an awe and shock as the UST being the stablecoin, lost its value, hence, depleting the trust factor of crypto holders from UST and other stable coins.
Technically, we anticipate Luna tanking upto $19, and then take a buy position from the support.
LUNA is Bearish maybeEverything is clear. Its just a prediction so there is no entry point shown.
I think this is going to be true because o follow the pos below of Biko Trading
LUNA - Outlook ✅Let's see how LUNA is behaving.
This is a 1D chart. (Long Term)
LUNA also broke two resistance areas and landed on support.
There are two possible scenarios: either the price will pull back and hit resistance or pass the support area and go lower.
Two resistance areas are pushing down on price, and this support level will only hold while Bitcoin is going sideways.
Once BTC drops, LUNA will drop as well.
The RSI shows that LUNA is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $30.60
Let me know your ideas.
Good luck.
spotted downtrend triangleIn 1 hr time frame, I spotted a downtrend triangle.
do you think it will drop? , and how much would it go?
feel free to comment down below.
Luna 50% downLuna a very wonderful project is 50% down.
Buy zone 24 to 27
SL -20
Better add some coins in parts for big profit
LUNA on a Key Level and will this Supports for a NEW ATH?On LUNA I am expecting a decent recovery with the key level formed on the weekly timeframe. This key level has a greater chances of acting as a support and the correction we are expecting here can have a chance of creating a new ATH.
#LUNA #TERRA LIKE #GOLD!?!? Ascending megaphone pattern #LUNA #TERRA LIKE $GOLD!?!? Ascending megaphone pattern
This chart is FREAKING CRAZY, what are the odds that seems the indentical same pattern of GOLD last years ???
RSI & Fib analysis on LunaLast time the daily RSI was this low was late May 2021 when we retraced to 0.786 of the prior run, finding support here until going on an epic 2000% run over 10 months.
Following yesterday's red candle we've bounced off the 0.786 fib of the retracement from said run, which coincides with a trend line I've had drawn in since this time last year.
Reversing the first fib shows we reached just above the 5.272 at it's peak. Doing the same on the latest fib gives us a target of $614!
Short term I expect a bounce to around $50. Will be keeping a close eye to see if we hold .786 and form bullish divergence
Luna -90% to go to the moonResearching the internet I found this image that caught my attention. If you look closely, it has the same pattern as the moon.
Apparently it still has a long way to go -50% and the indicators are going that way.
opinions?
LUNA 1 DAILY ANALYSIS (UPDATE)📆🟡 LUNA/USDT (TERRA)
📊 Time Frame: Daily
➖➖➖➖➖➖➖➖➖➖➖➖➖➖
💎 Investment Opporutunity
🟢 BUY : 30$ - 35$
🟢 BUY : 22$ - 28$
🎯TP1: 43$ - 50$
🎯TP2: 60$ _ 75$
💹 Stop loss: One Daily Candle Below 20$
✍ Analysis Method : ICT+ Trend Analysis
📊 Analyzed By Hossein
📆05.10.2022
LUNALUNA/USDT in this currency we have 3 Bottom Pattern not every time support this Pattern in Cryptocurency im looking to take LONG possition on next Strong Support zone
LUNA - Understanding the Lunatic Drop 👇🧵Trying to find the explanation of what went SO wrong with Luna i found the best possible explanation here :
$UST fell to a low of $0.66 while $LUNA crashed to a low of $24.85 overnight.
Lessons learned from $LUNA $UST disastrous collapse 👇🧵
But let's assess what actually happened.
- $UST deposits on Anchor fell 43% in a day (currently $6.7bn)
- $UST getting massively shorted + sell-off on Curve
- LFG emptied out all its reserves to save the peg
- Rumours that Citadel engineered the attack
/ Lesson 1: Death Spiral
Illustrated perfectly by
@ZeMariaMacedo
, the design of $LUNA $UST is a giant positive feedback loop.
This was the "flywheel effect" that everyone's talking about but very few actually viewed it as a double edged sword.
A design that has a tendency to spiral out of control, even if it is to the upside, is a fundamental flaw. Most positive feedback loops are bad, be it in biology or engineering.
Don't get caught up in the buzzwords like "flywheel effect" esp when things seem rosy.
Lesson 2: Arbitrageurs can stop arb-ing
$UST peg is maintained by:
- Arbitrage
-
@stablekwon
& LFG's deep pockets
If $UST falls below $1 (e.g. $0.95), arbitrageurs buy $UST for $0.95, redeem the $UST and mint $1 worth of $LUNA.
Profit = $0.05, $UST supply falls, $UST --> $1
But if $LUNA is in a prolonged downturn, the risk of holding onto $LUNA after minting is high.
The arb profit might get wiped after minting $LUNA as $LUNA price keeps dropping, hence arbitrageurs might abstain and choose to chill instead --> stabilization mechanism fails
Lesson 3: Over-reliance on Do Kwon & LFG
Crypto is built on the ethos of being independent of trusted third parties.
If $UST relies on the aggressive, interventionist measures of centralized entities like Do Kwon & LFG, how is it scalable?
Imagine maintaining a peg by having the founder pump in capital each time shit goes south? Everything about Terra operates off the back of exogenous capital injection.
Even Anchor's 20% APY relies heavily on the yield reserve top ups instead of revenue earned from lending.
The idea that Terra is too big to fail is very dangerous and it's why many diehard $LUNA maxis got burned today. It's a house of card built entirely on trust, in a supposedly trustless space.
Lesson 4: Cult Heroes
Cult heroes in crypto have the same ending. Daniele Sesta and Frog Nation. Andre Cronje and $FTM community.
Do Kwon is next... He is a great guy don't get me wrong, but never all-in your trust in a cult hero and invest on people
Lesson 5: Stablecoin Designs
Seems like pure-play algo stablecoins can't withstand the heat. Over-collateralized stablecoins are icky cuz they're like loans instead of currency and have a massive capital utilization problem.
A hybrid model might be it...
@fraxfinance
Lesson 6: LFG Reserves Transparency
LFG is transparent about the size of its reserves and you can track their wallets in real time.
Central banks usually avoid disclosing the size of their forex reserves e.g. Singapore or they release lagged data
Conclusion:
A lot of trust has been lost today. It really goes to show the importance of a sound, self-sustaining system beneath the veneer of marketing gimmicks.
Can $UST and $LUNA rise again? Definitely. But A LOT of work is needed to fix the fundamental design flaws.
#luna golden opportunity! after experiencing more than 60% decrease within just tow days, it is beginning to pump energy for a return. I call this price "GOLDEN OPPURTUNITY" as the risk/reward ratio gives us a low risk situation.
target and stop loss is indicated in the pic, although the next target is around 70 :)
Will LUNA recover? Hello everyone,
LUNA is currently sitting in a awkward position, nobody was expecting to see LUNA this keep ever again however it happened and it had a tragic impact over the market as well.
I believe LUNA is going to recover and go back to $58 dollars in the next days.
Be patiance and don't let your feeling influence your decisions.
Have a good trading week.
Lunatics spouting nonsenseLuna possibly going to $150 on an inverse head & shoulders.
Probably nothing...
LUNAUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for LUNAUSDT
You are observing a heavy fall for the price after it lost its support. At the present, it is approaching the first support line and we believe it will have a fluctuation at this area. Then we expect a rise for the price.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
