Support level risesThe support position at the lower boundary of the yellow oscillation range begins to rise
LUNAUSD trade ideas
Very interesting Elliott Wave structure...Luna 2.0 or Terra 2.0 is the new token that emerged from the hard fork of the Terra blockchain network. LUNA2 aimed to rescue the Terra Luna ecosystem following the collapse of the UST stablecoin in May 2022. Most of Terra's dApps and features migrated to the new chain.
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Brawl Near $1 Warns Crash in LUNASudden Reversal of 6.53%: LUNA price experiences a bearish start to the week with a 6.53% reversal.
Hanging on $1 Support: LUNA's price hovers around the crucial $1 support level, with buyers striving to maintain control.
Potential Drop to $0.82: A breakdown below $1 could lead to a correction phase, testing the 61.80% Fibonacci level at $0.82.
Market Pullback Influences LUNA: The overall market pullback leads to a quick reversal in LUNA's price after a weekend recovery.
216% Jump Preceding Correction: LUNA had a significant 216% increase from late September to early December before facing correction.
Struggle at $1.25 Barrier: Buyers' failure to surpass the $1.25 barrier led to the current pullback.
Current Trading Price: LUNA trades at $1.03, with a possibility of a bullish comeback signaled by a long-tail candle.
Technical Indicator - MACD: The MACD indicates a potential negative crossover, suggesting a trend reversal.
Risk of Losing $1 Mark: The increasing selling pressure and market FUD might lead to a deeper correction, jeopardizing the $1 level.
Possible Retest at Lower Fibonacci Levels: Previous price actions suggest that LUNA could bounce back from lower Fibonacci levels.
Potential Upside to $1.50: If LUNA sustains above $1, it could potentially fuel an uptrend towards $1.50.
✴️ Luna Uptrend Potential (7X Lev | 1,500%+ Potential)This is the pair that i initial shared the trade for.
There are some discrepancies between LUNAUSD between exchanges.
So the one that's above $1.45 USD.
The main target is around $4+ USD.
I will be sharing the numbers later on, we are using 7X.
Leveraged trading is for experienced traders only. There is plenty of risk involved.
Not for beginners.
Namaste.
Luna to the upper line of the channelIdeally I would buy at the 50DMA. I dont believe in this coin but just for fun, I would love to make a try.
Do not recommend it because its a high risk high reward setup.
Not financial advise.
LUNA Short on huge spikeSimple short on LUNA, entered at 3.6 with 3x leverage as this could pump illogically. Potentially gain to previous lows for a long swing trade. 4 will be an enormous barrier and one to add more to the position.
Bullish Symmetrical Triangle or Ascending Triangle on LUNA2 LUNA2 has formed either an ascending triangle or a symmetrical triangle. Both are bullish, the only difference is identifying the breakout point.
LUNA2 Trend Entry shortThe simplest setups are the best, LUNA2 has broken its uptrend and entered a downtrend. The entry was based on the break of the uptrend support.
Entered short at 2.13, expecting to hold this one a while as LUNA2 slowly dies a death.
Poor fundamentals in a weak market.
LUNA2 USD : TERRA LUNA IS DEAD, GET OUT WHILE YOU CAN! LUNA2 is dead, the company and creator have fallen apart and are being investigated for the massive rug pull they just did. This project is going to disappear like Bitconnect cause everyone involved in the Terra Luna project will either go to jail or end up as fertilizer. Get out while its still worth dollars before it gets to 10 cents! This is not financial advice this is just my opinion. Good luck.
LUNA 2 USD : LUNA IS READY TO TAKE A CRAP! IM OUT! LUNA2 looks primed and ready to dump to really low levels. This new coin was a pump and dump and nothing more. The wedge broke through to the downside and a measured move to at least $2.70 and then probably further down as new speculative investors and holders hoping for a real revival are going to dump. It will dump really fast because there aren't that many buyers on exchanges and once the fall starts its going to be nasty. I got out at $12 at the last peak, and I was waiting for confirmation to buy back in and ride the next wave up but that never happened, and chances are now that there wont be any pump. I'm taking my 200% profit and running with it on this one guys. This thing is going to disappear off the map real soon! Good luck my friends. This is not financial or trading advice, just my opinion. If you like this content then like and follow me for updates and more analysis on your favorite coins. If you have any coins you want me to check out let me know in the comments.
Double Bottom With Bullish Divergence at PCZ of GartleyThis is pretty much the same setup at the old LUNA/BTC chart that i had but since the exchanges deleted that pair and launched LUNA2 while the old LUNA pair became LUNC i decided to repost this Gartley for the new LUNA2
LUNA 2 USD : HEAD AND SOULDERS POSSIBLE BREAK TO $.90 CENTS!Since my last update LUNA2 is not looking very good. I expected a solid bounce and then a continuation up but we've been hanging out around this major support which is beginning to get weaker by the hour. There is a major head and shoulders patter that has formed on the hourly time frame and if this plays out the measured move from the head to the neckline is a drop to about $.90 ninety cents (head and shoulders patterns are the most accurate in price action patterns at 85%-90% of the time). At this point nothing would surprise me with this project. Many people are saying that this was created just to give the initial investors some of their money back, AKA pump and dump! This head and shoulders pattern however doesn't have to play out and can reverse course and we start another run up. For this to happen we need to close at least an hourly above $7.75 for me to believe that the head and shoulders is invalidated! The blue lines are all support lines and breaks and closures below any of those lines will initiate a move down to the next line and the next line and so on. Once we break below the last support line at around $4 LUNA will free fall into the depths of hell. I will buy around $.85 cents and $.90 cents for a nice bounce possibly but I cross that bridge when we get there. Another thing that could be more towards the bullish side is the STOCH RSI has crossed to the upside and the MACD is starting to curl up on the hourly and on the 30 minute has a more defined curl. Volatility is also expanding so there is a big move imminent and soon. I believe this move will happen today! If not then we will probably see sideways action till Monday. If you appreciate my work then please give me a like and follow me for more updates and analysis. This is not financial or trading advice, its just my opinion, so please do your own research first. Thank you and good luck!
TERRA LUNA 2 USD : Dip down to $6-$7 then run up to $17LUNA2 has some potential upside, I'm not sure how sustainable it is but I have my buy orders set at $6, $6.5, and $7 and selling around $17 to complete the 5th wave of this mini cycle. After that we will revisit and see if this price can be sustained or another major dump party to new lows. LUNA2 right now is only alive on hype and speculation and I don't believe it has legs for the long term outlook. Good trading in the short term, you can make an easy 300% if this plays out. Anyways let me know what you think by leaving a comment below, and follow me for more updates and analysis. This is not trading advice just my opinion, please do your own research.
