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LUNA2USDT trade ideas

Terra (LUNA/USDT) on a Crucial Support LevelsWhile the whole crypto market bleeds profusely as the brutal attack on the BTC & ETH price continues, the majority of the altcoins drop heavily. Terra (LUNA) which was once predicted to hit a 3-digit figure, is now drowning in a deep bearish well. LUNA price currently is testing the crucial uptrend line and may enter a huge bearish trend if it breaks these levels The price may be rejected at these levels and could slide down below $50 at 0.6 FIB levels to hit $48.67 where-in a rebound may be fast approaching The rebound may assist the price to regain the levels above the trend line and quickly attain the levels above 0.6 FIB levels around $75
Short
by Coinpedia-Market-Insight
#LUNA Breaks Down as Terra Finds Support at $60Past Performance of LUNA The LUNA coin continues to slip versus the USDT when writing. Although buyers are confident, sellers have been firm. As per the performance in the daily chart, LUNA is within a bear breakout formation as bulls are capped below $80. In the previous trading week, the coin is down 11 percent against the USDT. If sellers press, the token could slide below the immediate support, slumping to Q1 2022 lows. #Terra Technical Analysis The primary support is $60, flashing with the 78.6 percent Fibonacci retracement level of the Q1 2022 trade range. In a bear breakout formation, the immediate trend is defined and is southwards. As a result, traders may find entries on every correction towards $80. So far, LUNA bear bars are aligned along the lower BB, suggesting intense selling pressure. The immediate target for sellers stands at $60. However, if there are more profound losses, the coin may contract to retest $45—around Q1 2022 lows in a bear trend continuation. Such a move would unwind the gains of March and April, shaping the medium-term trajectory to solidly favor sellers. What to Expect from LUNA? The Terra ecosystem is huge and one of the most liquid. LUNA is pinned by determined sellers at spot rates and may slump below $60, heaping more pressure on optimistic Terra bulls. Resistance level to watch out for: $80 Support level to watch out for: $60 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
LUNAUSDT time for the retracement?The price created a new ATH as I said on the previous analysis and now got a rejection from 1.27 Fibonacci Ext on 120$ The price is testing the new daily support. How to approach? The price could have a retracement after the latest bullrun, and retest the 0.5 Fibonacci level or 0.618 on 80$. so IF and only IF the price is going to lose the support and had a breakout from the rising wedge, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
18
LUNA - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DAILY: Left Chart LUNA is overall bullish trading inside the blue channels. Moreover, 50.0 - 55.0 is a strong demand zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline. (acting as non-horizontal support) H4: Right Chart LUNA is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, LUNA can still trade lower inside the demand zone . Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
22