$LUNC Go go go!.. (to the moon)I expect the major move ( Elliott impulsive wave 3 ) from #LUNC 's price. Reward will be great.
NOT FINANCIAL ADVICE.
LUNCUSDT trade ideas
Long Entry LUNCHere we have a setup for a Long on LUNC
Stop Loss is at the previous swing low.
TP points are labeled by the red lines, which also coincide with major Fibonacci levels.
Risking 2% of my account with 10x leverage.
Luncusdt / analyst The triangle pattern is visible and it seems that the downward trend line is broken, you can carefully enter a buying phase. According to Fibonacci, it can also grow up to the specified lines.
LUNC Could Rise to $0.00014915 as It Breaks Bearish ShacklesBINANCE:LUNCUSDT managed to break out above a medium-term negative price channel throughout the weekend, and continues to trade above this bearish zone. As a result, the altcoin printed another higher low, resulting in a continuation of a bullish trend line that has emerged on LUNC’s charts.
Should this bullish momentum continue, the crypto could climb towards $0.00014915 in the upcoming couple of days. This bullish thesis may be invalidated if the Luna Classic price drops below the $0.00009990 support in the next 48 hours. In this alternative scenario, the crypto could retest the positive trend line. A break below this level will likely expose the crypto to the risk of falling down to $0.00007930. In an extremely bearish scenario, LUNC may plummet to as low as $0.00005995 in the short term.
Technicals Favor Buyers
Technical indicators on LUNC’s daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are flagging bullish.
The MACD line is breaking away above the MACD Signal line, which could indicate that LUNC’s positive trend is growing stronger. In addition to this, the RSI is rising away from its Simple Moving Average (SMA), which may be seen as a signal that buyers are growing stronger against sellers.
Binance Burns 2.1 Billion Terra Luna Classic (LUNC) TokensBinance, the world's largest cryptocurrency exchange, recently burned a staggering 2.1 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens. This move marks the 18th batch of the SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism, bringing the total number of tokens burned by Binance to over 50 billion. With the broader community effort, the SEED_DONKEYDAN_MARKET_CAP:LUNC burn is on the cusp of reaching a monumental 100 billion milestone.
Binance's Role in the SEED_DONKEYDAN_MARKET_CAP:LUNC Burn:
The recent burn, executed on January 1, saw 2.1 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens sent to the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. This action further solidifies Binance's commitment to reducing the circulating supply of SEED_DONKEYDAN_MARKET_CAP:LUNC tokens. The exchange's contribution now stands at an impressive 52.4% of the total tokens burned by the Terra Luna Classic community.
Increasing Burn Rates and Trading Volume:
January witnessed a substantial increase in the burn rate, with 5.57 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens incinerated by Binance. This surge in burning activity can be attributed to a significant uptick in SEED_DONKEYDAN_MARKET_CAP:LUNC trading volume on the exchange. Binance, along with other crypto platforms, introduced a USTC perpetual contract and new OTC:USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC trading pairs, fostering a conducive environment for increased token trading.
Community Collaboration and Milestones:
The Terra Luna Classic burn campaign, a collaborative effort involving crypto exchanges, validators, projects, and community members, has propelled the total burn close to the 100 billion SEED_DONKEYDAN_MARKET_CAP:LUNC landmark. On average, the community burns an impressive 600 million SEED_DONKEYDAN_MARKET_CAP:LUNC per week, showcasing the collective dedication to reducing the token's circulating supply.
Market Performance and Challenges:
While the SEED_DONKEYDAN_MARKET_CAP:LUNC community remains bullish about the token hitting local highs, recent market trends have presented some challenges. SEED_DONKEYDAN_MARKET_CAP:LUNC prices experienced a 7% decline this week, currently trading at $0.00009444.
Conclusion:
The recent burn of 2.1 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens by Binance marks a crucial step towards the community's ambitious goal of reaching the 100 billion milestone. As the Terra Luna Classic ecosystem continues to evolve, collaborations between crypto exchanges, validators, and community members remain integral to the success of the burn campaign. Despite short-term market fluctuations, the collective efforts underline a resilient commitment to shaping the future of the Terra Luna Classic token. Investors and enthusiasts alike await further developments as the community inches closer to achieving this monumental milestone.
LUNC/USDT Poised for Exponential Bull Run? 👀🚀LUNC Analysis💎Paradisers, let's take a closer look at #LUNCUSDT, as the current formation suggests a possibility for a significant bullish recovery from its pivotal support zone.
💎Reviewing #TerraClassic's recent market trends, we've observed a substantial 70% decrease after it met resistance at a crucial supply level. However, a certain resilience is noticeable around the support level of $0.000091, indicating a potential upward trajectory.
💎Despite the recent challenges in establishing new highs or exceeding past peaks, resulting in a short-term bearish view, the $0.000091 mark is essential for #LUNC. This level may well be the key to triggering a substantial bullish movement upon retesting.
💎As strategic traders, we're always prepared with an alternative plan. If #LUNC drops below the $0.000091 support, we're ready to target a bullish comeback starting from the next support at $0.000059. However, be aware that a descent below this secondary level might point to more extensive downtrends.
💎Maintain flexibility in your strategies and stay vigilant with the market trends, Paradisers. Your ParadiseTeam is continually monitoring, prepared to steer you through these market changes.
LUNCFor short and long-term movement, perhaps such a movement can be considered. We are currently inside this channel
LUNC/USDT Approached Major Zone! / LONG or SHORT?LUNC has had multiple bullish momentums recently and has definitely been a very volatile coin. As of now, after that bullish movement, the price has been in a downward movement where it is touching that major zone that we highlighted. This zone will determine the next movement for the coin so got to pay attention to this zone for sure!!
Swallow Team
Swing Trade LUNC Opening a swing trade on LUNC at 0.00010071
TP 1: 0.00018151
TP 2: 0.00026350
TP 3: 0.00038911
TP 4: 0.00059525
S/L: 0.00006685
LUNC breaking out, looking at a possible 100% move?LUNC has been on a steady downtrend since 12/12/23.
Today LUNC on the 12hr, is finally breaking out of the downtrend and I saw two closes above the trend on the 4HR. I'm bullish on LUNC, we could see a potential dip back to re-test but I'd think no lower than 0.000008505.
My take profit points are listed here, each coinciding with major fib levels. I'll be looking to take profits steadily on the way up. Allocating at least 40% of my position slightly below the *0.618 Fib @ 0.00020529.
Join me on my quest, and run naked through lightning and long this b*tch at least 50x.
That's TA...bitch. No cap.
TP 1: 0.0015988
TP 2: 0.00018212 *
TP 3: 0.00020529
TP 4: 0.00023818
Terra Classic Burn Hits 95 Billion Milestone
The Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community is celebrating a remarkable milestone as its ongoing burn campaign reaches an impressive 95 billion SEED_DONKEYDAN_MARKET_CAP:LUNC since May 2022. This achievement, driven by the collaborative efforts of crypto exchanges, validators, projects, and dedicated community members, signifies a substantial reduction in the circulating supply of $LUNC. Notably, Binance, the world's leading cryptocurrency exchange, has played a pivotal role, contributing over 51.7% to the total burn, showcasing the community's commitment to long-term sustainability.
SEED_DONKEYDAN_MARKET_CAP:LUNC Burn Milestone:
The Terra Luna Classic burn campaign has witnessed consistent progress, with an average weekly burn of 600 million SEED_DONKEYDAN_MARKET_CAP:LUNC per week. This figure has experienced a notable uptick since November, indicating a growing momentum within the community. Binance's monthly SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism has been a driving force, accounting for nearly 50 billion SEED_DONKEYDAN_MARKET_CAP:LUNC in total. As the SEED_DONKEYDAN_MARKET_CAP:LUNC token's circulating supply stands at 5.78 trillion and the total supply at 6.81 trillion SEED_DONKEYDAN_MARKET_CAP:LUNC , this achievement underscores the community's determination to manage and optimize the token's availability in the market.
Binance's Significant Contribution:
Binance's involvement in the SEED_DONKEYDAN_MARKET_CAP:LUNC burn is substantial, making up over 51% of the total burned tokens. The recent 17th batch of the SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism saw Binance burning 5.57 billion Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) tokens. With the total amount burned by Binance nearing 50 billion, it demonstrates the exchange's commitment to supporting the Terra Luna Classic community's goals.
Community Initiatives and Challenges:
While the SEED_DONKEYDAN_MARKET_CAP:LUNC burn campaign has achieved an impressive milestone, the community recognizes the need for continued efforts in utility, funding, and chain developments. In an effort to further boost the burn rate, the community has explored burning USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC held in other protocols. However, a clear directive is essential to proceed with these initiatives, showcasing the importance of strategic planning and coordination within the community.
Market Response and Price Rally:
The broader market recovery after the monthly expiry has had a significant impact on the prices of both SEED_DONKEYDAN_MARKET_CAP:LUNC and USTC. SEED_DONKEYDAN_MARKET_CAP:LUNC has experienced an 8% surge in the last 24 hours, currently trading at $0.0001012. The 24-hour high and low are $0.0000951 and $0.0001032, respectively. Trading volume has spiked by 100%, indicating heightened interest among traders. Meanwhile, USTC has seen an impressive 11% surge, currently trading at $0.02652, with a 24-hour low of $0.02467 and a high of $0.02713.
Conclusion:
The Terra Luna Classic community's achievement of burning 95 billion SEED_DONKEYDAN_MARKET_CAP:LUNC marks a significant milestone, showcasing the dedication and collaboration within the community. With Binance's substantial contribution and the market responding positively with increased prices and trading volume, the future looks promising for Terra Luna Classic. As the community continues to focus on utility and development initiatives, the ongoing success of the SEED_DONKEYDAN_MARKET_CAP:LUNC burn campaign positions Terra Luna Classic as a project to watch in the dynamic world of cryptocurrencies.
LUNCUSDTBINANCE:LUNCUSDT Long idea
2 entry point
4 targets
❌every TP can act as a resistance and dump the price
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment
Bullish Bat Pattern Luncusdt A beautiful Bullish Bat pattern on Luncusdt. however trade on this coin is too risky , the profit is sweet. remember that , when price riches D point, RSI must be under 30 .
LUNC Prints a Higher Low, Will It Begin to Climb?The Luna Classic price recorded a second higher low during yesterday’s trading session, resulting in the formation of a positive trend line on its charts. This could be the early start of a potential bullish rally in the next few days. Should this bullish thesis play out, the altcoin may attempt to flip the resistance level at $0.0000999 into support. A daily candle close above this mark could then give the crypto the foundation needed to rise to the subsequent resistance level at $0.00014915 in the following few days.
A break below the positive trend line could invalidate this bullish thesis. In this alternative scenario, the Luna Classic price may continue to trade within the descending price channel that it has been trapped in over the last few weeks.This could lead to LUNC falling to the immediate support level at $0.00007930 before potentially plummeting down to $0.00005995 if the sell volume persists.
Technical indicators on the crypto’s daily chart suggest that LUNC’s price may slip in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD line is positioned below the MACD Signal line, indicating that the Luna Classic price is in a negative trend. In addition to this, the RSI line is positioned below its Simple Moving Average (SMA) line. This indicates that sellers are currently stronger than buyers on LUNC’s daily chart.
Bearish Pressure Begins to Simmer
Despite the current bearish technical flags, LUNC’s bearish trend and sellers’ strength seem to be cooling off. The RSI is positioned in neutral territory, and is almost parallel to the SMA line. Meanwhile, the MACD line is also trading parallel to the MACD Signal line. As a result, a bullish trend reversal may be in the cards for the Luna Classic price.
LUNC APPROACHING A MASSIVE ZONE Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LUNC APPROACHING A MASSIVE ZONE📚
👉As we can see price is still bearish trading inside this falling broadening wedge pattern, making clean lower lows and lower highs.
👉Meanwhile, as the price will be approaching our lower demand zone, lining up with our lower bound of the channel acting as an over-sold zone, then we will be looking for new bullish correction movement.
👉Until that, and as the price will be approaching our upper falling trendline, we will be looking for new bearish movement as a trend-following sell setups.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
LUNC Falls 5% as It Fails to Detach From Bearish Trend LineBINANCE:LUNCUSDT dropped out of a consolidation channel over the past week. This was shortly after it was able to break above a medium-term negative trend line that had formed on its charts, with its origin back in Dec. 4, 2023.
In just 48 hours after breaching this line, LUNC saw its price begin to dip. This selling pressure continued in the past 3 days, causing it to currently trade near the $0.00009990 support level. If the sell volume persists, the Luna Classic price may be at risk of losing the $0.00009990 support. This could then open it up to the risk of falling to the subsequent threshold at $0.00007930 in the following couple of days.
This bearish thesis may be invalidated if the Luna Classic price is able to stay above the $0.0000990 support level for the next 72 hours. In this alternative scenario, LUNC may begin to consolidate around the significant price point before potentially beginning to climb. Should the Luna Classic price begin to rise at this point, it could attempt a challenge at the $0.00014915 resistance level within the following 2 weeks. Continued buy pressure could then boost the altcoin’s value to above this mark, which may then clear a path for the Luna Classic price to rise to as high as $0.0002.
Traders and investors will want to note that both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The RSI is positioned below its Simple Moving Average (SMA) line, which signals that sellers have the upper hand on LUNC’s daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNC’s negative trend continuing in the next few days.
LUNC long hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
in the minor movement(LUNC)📊Analysis by AhmadArz:
Ok by scalp trading????
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Terra Classic's Bold Move: EVM Integration and the LUNC SurgeThe Terra Classic community has recently made waves in the crypto sphere with its groundbreaking proposal to integrate the Ethereum Virtual Machine (EVM) into its platform. This strategic move has captured the attention of the global crypto market, positioning Terra Classic as a player to watch in the evolving landscape of blockchain technology.
EVM Integration Unveiled:
In a significant development, the Terra Classic community unveiled its successful EVM proposal, signaling a new era for the platform. By embracing the Ethereum Virtual Machine, Terra Classic aims to enhance its flexibility and align with the latest advancements in the crypto space. This move positions Terra Classic to become compliant with emerging technologies globally, opening the door to exciting possibilities for its native token, $LUNC.
EVM's Dominance and Terra Classic's Vision:
The decision to integrate EVM comes as no surprise, given its status as the gold standard for blockchain development since 2013. EVM boasts a massive network, encompassing over 910 separate chains. Terra Classic's strategic alignment with EVM reflects a vision to leverage the dominant standard in the crypto realm, facilitating interoperability and adoption of widely-used blockchain development standards.
The Voting Landscape:
The proposal faced a divided community, with 44% in favor, 42% against, 12.06% abstaining, and a minimal 0.20% voting with a veto. Despite the divided sentiments, the proposal is gaining traction, inching closer to the 50% pass threshold. This democratic process showcases the Terra Classic community's commitment to inclusive decision-making and reflects the importance of the EVM integration to the platform's future.
Impact on Transactions and Processing Power:
With EVM support, Terra Classic anticipates a significant boost in transaction processing capabilities. The integration aims to enable the platform to handle a higher volume of transactions efficiently. This enhancement in processing power is poised to elevate Terra Classic's standing in the crypto space, attracting attention from developers and projects seeking a robust and scalable blockchain infrastructure.
$LUNC Price Movement:
In response to the EVM integration proposal, the price of $LUNC experienced a minor surge of 0.70%, currently trading at $0.00012579. However, the weekly chart paints a more optimistic picture, showcasing a notable 5.80% surge. As the market digests the implications of the EVM integration, crypto enthusiasts are eagerly anticipating a potential surge in $LUNC prices in the near future.
Conclusion:
Terra Classic's strategic move to integrate EVM reflects a commitment to innovation and adaptability in the ever-evolving crypto landscape. The community's decision to embrace EVM positions Terra Classic as a platform ready to harness the power of widely-accepted blockchain standards. As the proposal gains momentum, the future looks promising for both Terra Classic and its native token, $LUNC, with the potential for increased adoption, interoperability, and a surge in market value.
LUNC/USDT upward momentum? 👀 🚀LUNC Today Analysis💎 Paradisers, give your full attention to #LUNCUSDT as it's displaying unmistakable signs of an imminent substantial move from a pivotal demand level.
💎 Currently, #LUNC is exhibiting an upward trend, suggesting a bullish continuation. This follows its adherence to a descending channel pattern, where it has consistently respected the channel's resistance. We are eyeing a bullish continuation at the demand level of $0.00010370, which could catalyze further upward momentum. If #LUNCCOIN sustains above this level, it could journey towards a major resistance zone at $0.00026419.
💎 However, if #LUNC struggles to stay above the $10370 mark, it might necessitate a rethink of our strategy. In this event, our focus might shift to a bullish push from an alternative demand level at $0.00008034. This particular level is noteworthy due to its history of triggering impulsive moves.
💎 A breach below this level could lead to a significant downward trajectory.
Luna Classic Embracing EVM for a Resurgence in ProgrammabilityTerra Luna Classic ($LUNC) is set to undergo a transformative revival as it embraces Ethereum Virtual Machine (EVM) support. The proposal, aptly named "Investigate EVM Functionality" (Proposal 11978), has garnered significant community support, signaling a strategic move towards enhanced programmability, composability, and interoperability. This bold initiative positions Terra Luna Classic to join the ranks of blockchain projects adopting widely-used standards, potentially attracting major players like Curve DAO, Uniswap, ChainLink, Hedera, and others.
The EVM Support Proposition:
Terra Luna Classic's proposal to introduce EVM support is more than just a technical upgrade; it's a visionary step towards adapting to new and emerging technologies. By integrating the Ethereum Virtual Machine, Terra Luna Classic aims to leverage the programming capabilities offered by the Solidity language, a hallmark of EVM chains. This move aligns the community-led Terra Classic chain with cutting-edge developments in the blockchain space.
Advantages and Functionality:
The advantages of EVM support on Terra Luna Classic are manifold. The proposal emphasizes the potential for the chain to seamlessly integrate with Optimistic transactions and Rollups, promising increased efficiency and scalability. Optimistic transactions, in particular, offer a novel approach where Terra Classic can execute transactions without revealing direct security information, enhancing privacy and security.
As ClanMudhorn of Terrarium validator points out, "Terra Classic will have the potential to become compliant with new and emerging technologies like Optimistic transactions, where Terra Classic does not need to send direct security information on each transaction, and Rollups, which allow significantly more transactions to be processed at once, dramatically increasing the processing power of Terra Classic."
Community Support and Governance-Driven Decision Making:
The proposal has already surpassed the pass threshold, with over 62% of the community voting in favor. A total of 29 validators have thrown their support behind the initiative, showcasing the widespread enthusiasm for the integration of EVM functionality. The voting deadline is set for January 17, and if all goes as planned, Terra Luna Classic will mark a significant milestone in its evolution.
Strategic Interoperability and Industry Adoption:
By incorporating EVM support, Terra Luna Classic positions itself strategically in the blockchain ecosystem. The move towards interoperability and adherence to widely-used blockchain development standards open the door to collaborations with major projects in the space. The proposal specifically mentions the potential integration with Curve DAO, Uniswap, ChainLink, Hedera, and others, which could bring a new wave of innovation and utility to Terra Luna Classic.
Conclusion:
Terra Luna Classic's pursuit of EVM support is a compelling narrative of adaptation and evolution in the fast-paced world of blockchain technology. The community's endorsement of the proposal underscores the collective vision for Terra Luna Classic's future. As the voting deadline approaches, the crypto community eagerly anticipates the resurgence of Terra Luna Classic as it ventures into a new era of programmability, composability, and interoperability, setting the stage for a dynamic and inclusive blockchain ecosystem.
