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LUNCUSDT trade ideas

TERRA LUNA CLASSIC About to Go Parabolic! $.50 Cents IncomingLuna has been on a tear lately. I made a chart back in June showing a cup and handle pattern with a measured move target of about .00055 (ill link the chart below). Luna hit the target and is now in a small consolidation, but I don't think its going to go much lower in this small correction before continuing to the upside. There is a nice rounded bottom pattern that has formed as well and .0006 ish will validate this pattern and a measured move to about $.01 a penny looks very possible and I think possibly in the next couple weeks. There is also a possibility that with the fomo and hype that would hit when Luna actually hits a penny, it will bring in all the skeptics and the blow off could shoot Luna to 25 or even 50 cents. Do not think that can happen? Ask the Doge and Shib doubters how their comments aged when people who literally invested a couple hundred dollars became millionaire over night, literally! Some big things are happening for Luna, and some big players are getting in. Do not forget that CZ of Binance is salty over the Luna collapse. He lost $1.6 BILLION DOLLARS in the collapse. SO what if he has multiple billions, do you know how much a billion dollars actually is? I'm sure he wants his money back and then some and he is going to get it. Do not forget about those wallets accumulating Luna in the trillions a couple months back. What if CZ or some other major holder comes out and says they want to burn 5 trillion coins, its very possible. Vitalik Buterin burned about 40% of the total shib supply suddenly one day and the price of Shib went bananas. Anyways good luck out there and be safe. This is not trading or financial advice this is just my opinion. Thank you
Long
by Bitgolder
39
LUNA CLASSIC HYPE IS OVER FOR NOW >> Target .00013Im sorry guys but Im not very bullish on this chart. This is looking bad to me. Its the same type of hype run and correction is had back a couple months ago. I show that in the chart, that the previous run up from its lows to its high around .00017 it ran about 100% and then corrected down almost 35% after breaking the trend line support but an overall correction of 46%. On this rally Luna did a 500% run and has now corrected down to a similar support trend line as the previous run. The fractals are very similar, and fractals within the same asset usually play out the same too. So on this correction after the break of the support trend-line I predict a drop about 50% from where we are now, and a total of 75% before this correction/consolidation is over. I think that probably around mid October Luna will have bottomed out and starts its next run up. I think the correction on this run will be greater because the rally was also 4 times what the previous one was so the bigger the rally the bigger the correction. So I think .00017 will be a nice level to start buying, there may be wicks even lower to around the .00013 and 14 levels so have a couple buy orders there too. Sorry guys I wish I had better news, but the chart looks terrible and the news isn't that great either for the whole market and Luna specifically. The hype is dying down along with the volume in trading. Also the burns aren't as cool as everyone made them out to be (even I fell for it for a bit) . At the rate of burning now it looks like Luna will burn 75% of its supply in around 15 years. That is not very good especially if you expected a dollar by the end of the year. I don't think Luna will reach a dollar anytime soon, unless we have a major surprise burn catalyst like multiple exchanges burning transactions taxes etc which I don't think is going to happen, or some philanthropist comes out of the woodwork and says they are going to burn 50% of the Luna supply in one shot. I fell for the hype a too but I managed to make 350% on the last rally and I traded the bounces all the way down. There might be a big pump but itll be fast and brief, not sure how high but there is some bullish divergence on the 2 hour. The Daily macd is straight down adn the RSI is headed down as well. This is not trading or financial advice this is just my opinion and speculations. Comment below and let me know which way you think the price goes from here. Thank you and good luck.
Short
by Bitgolder
6
LUNA CLASSIC LUNAC Still In Triangle, W Pattern > Target .00030So the FED spoke, and they said what everyone expected, nothing special. Luna had a nice big wick down, great short entry right before the release, and then it pumped right back to where it was, great quick long entry. Now Luna has formed a W bottom on the 15 minute within the triangle with the measured move bringing it to the same target I said this morning at around .00030. This is not trading or financial advice this is just my opinion. Thank you
Long
by Bitgolder
LUNA CLASSIC > DIGIBYTE POSSIBLE FRACTAL, TOTAL SLAUGHTER!LUNA CLASSIC AND DGB DIGIBYTE HAVE A SIMILAR FRACTAL Back in early 2021 the hype for Digibyte was huge. There were so many videos, you-tubers, articles, Trading View popularity for DGB and what happened? it correct more than 90% from its hype high. Yes I understand that DGB doesn't have a burning deflationary mechanism but the emotion is still there. Im not saying that this will happen with Luna I am just pointing out the possibility. No one thought DGB would drop back down to under a penny when it was at $.18 cents or even 10 cents or even 5 cents, the true believers, the hardcore DGB fans, diehards, kept on with the positive news and sentiment as long as they could. Then they couldn't anymore, and the hardcore fans and true believers sold, then the diehard investors sold. What if the burns for Luna dont go as planned and they have to postpone them, or they are nowhere near what everyone has hyped them up to be? Need to be mindful that this type of hype and fomo usually leads to serious disappointment and depression once its over, and everyone comes back down to earth. Luna went up a lot and in quite a short period of time from its low, and from my experience in this market is, if it goes straight up then it usually comes straight down unless there is some real world adoption, or white swan (my opposite version of black swan). For now there is no real world adoption, the chain is working but is still in the break in period and need lots of work to regain investors trust. Most investors wouldn't touch Luna with a ten foot pole, especially big money, after that collapse and the USDC still un-pegged. I also don't think the burns on trading transactions on exchanges will ever happen, at least not on high volume exchanges, maybe some no name exchange will do it to get in the news. Its too much of a loss for the exchange and no trader with half a brain would bother to trade it with that type of tax. You cant strong arm exchanges and boycott them for not complying with the requests from Luna, its just a bad look. People need to be realistic and patient. Why not focus on real world implementation instead of yelling at everyone to burn the coins, that would really bring the price up as well. Either way Ill be trading this all the way down or if we're lucky all the way up. LIKE, AND FOLLOW ME FOR MORE FREQUENT UPDATES. THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINIONS, SPECULATIONS, AND WHAT I AM DOING. THANK YOU FOR YOUR SUPPORT, I HOPE YOU ALL HAVE A WONDERFUL DAY.
Short
by Bitgolder
12
LUNA CLASSIC LUNAC Trading Within Triangle, FOMC=Direction!LUNA Classic has been trading within this Triangle for a while now. The triangle will resolve I believe today or tomorrow. We will see whether LUNA can break the triangle to the upside or not. There is a couple things going on today like the FOMC meeting and LUNA starting its burns. So here is how that is going to work. The Fed raising rates by 75 basis points is priced in. The burns for Luna are also priced in. If the Fed raises by 100 BP then Luna and the entire market is going to tank for a bit, Luna will probably fall to previous support around .00024 and then we will re-visit. If the Fed raises by 50 BP which is lower than expected LUNA will rally along with the rest of the market, and LUNA might make a run to previous resistance around .00039 and then we will re-visit. If the Fed stays the same and people are happy with the burns then Luna will trade kinda sideways for a bit I think ranging within .00024 and .00029. If the burns start and the math is done to show that it may take many years to reach the 90% reduction that everyone wants then Luna will dump pretty hard regardless of the FED meeting. If the burns show that the supply could fall quite quickly and not take that long then LUNA will probably make a decent rally at least to previous resistance at .00039 and then we will re-visit. On the lower time frame I think we will see a run up from current price around .000285 to the top of the triangle around .00031. Volatility is expanding and the MACD is coiling up to break to the upside on the hourly so this move will happen within an hour once the resistance is broken around .0002905. Please note that Symmetrical Triangle patterns once formed break in the direction of the current trend as a continuation pattern. The current trend is down and corrective, so the chances of Luna breaking down is more probable than an upside break. As you can see back on September 1st when we had that nice pump, a symmetrical triangle formed and it broke to the upside because we were in an uptrend. Also the current Symmetrical triangle has a slight upwards angle which could make it a rising wedge , which is also very bearish and most likely a break to the downside. Thank you all for your support, please like and follow if you appreciate my charts and content. This is not trading or financial advice this is just my opinions, and speculations. I hope you all have a wonderful day. We Broke above resistance at .00029 at time of writing this so a move to at least .000305 - .00031 is imminent.
by Bitgolder
3
LUNA COME BACK!!I don't see how it could go any lower. Its almost impossible to do any analysis on this chart due to where it dropped from I encourage you to try. Despite the Luna event being such a catastrophe I still think as long as its around it has potential to recover. A few days after the crash I know I was chatting with 2 guys who made over 100k in one night buying the dips on margin. The volatility dropped off much more since then the price isn't fluctuating as it was but im keeping my eyes peeled. This is sort of gamble just something you put some funds into and walk away for 2 years. The math and everything behind it says there is no shot of it bouncing back, but if somehow this project gets revived and/or they burn enough coins to revive it, it could possibly offer one of the biggest percent returns in the history of earth. I know the people who invested at the top probably took one of the quickest dirtiest biggest losses in the history of the world.
Long
by LiveTradingHouse
2
consolidation before a big pump imo 🥶drop a boost and follow if you enjoyed my lunc update, thanks! 🚀 in my previous analysis I said it had to hold .00024 if bulls wanted to see some bounce action, as expected we almost saw a perfect bounce from my level and trend resistance broke! 💪 also notice how yellow resistance zone from a while back is kind of trying to act as support now, and I also noticed a new green trend support zone 🟢 finally some bullish signs on LUNC after weeks of blood :) watching for break above 0.000333 for some more big moves to upside 💯 good luck, last chart from me today. see you soon ⚡
Long
by Aura_Trades
21
LUNAC LUNA CLASSIC Luna Is Losing Steam! Heavy Selling Coming!Luna has been bouncing up and down within some support and resistance levels for a couple days now. I said yesterday that we would drop down to about .00026 and that happened. We didnt get down to .00024 because .00026 was decent support. Bouncing back up to .00029 and now we are ranging within those two levels. The larger head and shoulders has been formed and now Luna is bouncing off the neckline support fo the head and shoulders. If Luna starts trading below the neckline and closing hourly candles below then expect a significant drop down to .00016 minimum. If .00016 fails then we will probably see another 50% drop down to previous lows/support around .00009 ish . Invalidation of this large head and shoulders would be if Luna starts trading above .00035 and closing at least 30 minute candles above that. I don't see that right now because volume is weak, and the market in general is bearish at the moment. Good luck out there everyone, this is not financial or trading advice this is just my opinion. I update frequently, so follow me for more. Thank you On a lower time frame 15 minute chart, Luna has formed a W formation. This is a bullish pattern and a measured move would bring it to about .00032 if the pattern is validated and completed. See below:
Short
by Bitgolder
33