LUNA/USDT Ready for its Next Bull Run? 👀🚀 LUNA Analysis💎 Yello, Paradisers! Prepare for an exciting opportunity with LUNAUSDT as it positions itself for a possible breakout from its descending channel.
💎 Terra has consistently been pushing against a descending trendline, frequently facing resistance at the supply level. Now, there's a growing momentum that suggests LUNA might successfully breach this threshold and progress towards the next key supply zone.
💎 If LUNA encounters difficulties in breaking through the supply level, a bullish rebound from the current demand level appears likely. This bullish outlook is further supported by an RSI divergence, which hints at an emerging bullish trend upon closer examination.
💎 Conversely, a drop below the demand level could lead to a significant bearish trend towards the support level. As the market continues to evolve, it's essential to monitor these pivotal levels closely.
💎 Stay strategic and flexible, Paradisers. Your ParadiseTeam is dedicated to navigating you through these market changes, ensuring you're well-prepared for effective and informed trading decisions.
LUNA2USDT trade ideas
SHORT NOW LUNA/USDT!!!!!!!!!After luna grabbed liquidity the price was to bounce from the sell side liquidity but it was taken out am got retested now we have a Hanging Man candle stick pattern on the daily chart timeframe am expecting luna to maintain stability down to 0.8 to 0.5 area with a stoploss of 1.2
JOIN AND ENJOY
Tell us what you think............
LUNA retest from resistance BINANCE:LUNAUSDT
In my last article, I have discussed about a LUNA breakout.
LUNA has corrected from local range resistance, and are retesting the pennant upper boundary.
I expect an upward movement from the support, and will hold the previous order.
If LUNA manages to break the local range resistance, an upward movement to 1.28 is expected. Good luck!
Luna looking bullish but still in a long consolidation.After Lunc it’s sister coin made a staggering 100% move last week. Luna seems to have picked up the momentum also but due to the recent downturn in the market it’s didn’t get to showcase it’s potential. With the support still holding strong, I have doubled down on Luna to make at least a 50% move upward
LUNA Shitcoin Season Part 2 The token burns baked by exchanges makes me think there's more to LUNA than we think . I'll ladder into longs from here down to 0.9 .
Binance supporting the community driven coin, especially being under criminal investigation gives me confidence in this shitcoin.
In the latest development, Binance executed a substantial burn, totaling almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn on December 1. Binance’s cumulative contribution to the LUNC burn now stands at an impressive 43.6 billion tokens. This massive burn coincided with a surge in LUNC spot and margin trading volumes, driven by the introduction of USTC perpetual contracts on Binance and other exchanges, along with the listing of new USTC and LUNC pairs. The increased trading activity has further fueled the momentum of the Terra Luna Classic ecosystem.
LunaUSDT golden cross on the way
Luna daily chart looks bullish as it is forming higher highs and higher lows, and has a good momentum with each new high. Moreover, we can seen that a golden cross is about to form, which is a bullish signal for a lot of traders. Finally, if it respects the bullish trend and the retest of the level, then it should form a new high, higher than the previous one on 1.27.
according to the levels on the chart, it could reach 1.4 range in this swing, or drop back to 0.95 to retest the level again.
LUNA ANALYSIS (4H)It looks like we have a large degree triangle that we are now completing wave D of.
If the count is correct, it is likely that the price will return to the green range to complete the wave e . If the price returns to the green zone, we can think about buy/long positions.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LUNA/USDT has Broken Descending Channel | What's Next?💎Yello, Paradisers! gear up for a captivating opportunity with LUNAUSDT as it gears up for a potential breakthrough beyond its descending channel.
💎Terra has been persistently testing its limits against a descending trendline, often encountering resistance at the supply level.
💎The current momentum is building up, indicating a promising chance for LUNA to surpass the supply threshold and advance towards the next significant supply zone.
💎In the event that LUNA faces challenges in surpassing the supply level, a bullish recovery from the existing demand level seems probable. This bullish perspective is further bolstered by an RSI divergence, which, upon detailed analysis, reveals a bullish trend.
💎On the other hand, if LUNA dips below the demand level, we might witness a substantial bearish movement towards the support level. It's crucial to keep a watchful eye on these critical levels as the market evolves.
LUNAUSDT Is it coming back from extinction?The story of Terra's (LUNAUSD) crash back in May 2022 is well known to everyone in the cryptospace. Shortly after its collapse and following the last dead-cat-bounce on September 09 2022, the price entered a Channel Down pattern in the last 14 months.
In recent price action we see the possibility for a technical comeback though as not only has it reached today the top of the Channel Down but also is about to form the first Golden Cross on the 1D time-frame since August 17 2021!.
As a result, we will turn bullish if a 1D candle closes above the Channel Down, targeting 2.500 (near Resistance 1). An early bullish break-out signal can be seen on the 1D MACD where it just formed a Bullish Cross on a Higher Lows trend-line. The same pattern during the last bullish leg within the Channel Down, after forming the Bearish Cross didn't invalidate it so quickly.
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