LUNC/USDT Main Trend. Coin after the LUNA (UST) scam.
Updated
Logarithm. Main trend. The time interval is 1 day.
LUNC is a fork after the LUNA scam.
Such cryptocurrencies can both make a lot of profit as a percentage and lose.
When working with such assets, follow money management and risk management.
Despite the pumps and dumps of this cryptocurrency, its price is now at +222% of the minimum values. So if you are working in the long (a breakout of the reversal level), then be sure to limit your risk with a trivial Stop Loss. Move it as the price increases.
The key local levels, on which the development of the trend (Pamp/Dump) depends, are shown with arrows.
It should be noted that the price is now artificially restrained by the orders in a relatively narrow range.
An important date for the markets in general will be February 1 in New York (Federal Reserve's interest rate decision). This will be reflected not only in the stock market, but also in the cryptocurrency market. Consequently, we can well expect a strong price reaction, including in this cryptocurrency closer to the event.
LUNC is a fork after the LUNA scam.
Such cryptocurrencies can both make a lot of profit as a percentage and lose.
When working with such assets, follow money management and risk management.
Despite the pumps and dumps of this cryptocurrency, its price is now at +222% of the minimum values. So if you are working in the long (a breakout of the reversal level), then be sure to limit your risk with a trivial Stop Loss. Move it as the price increases.
The key local levels, on which the development of the trend (Pamp/Dump) depends, are shown with arrows.
It should be noted that the price is now artificially restrained by the orders in a relatively narrow range.
An important date for the markets in general will be February 1 in New York (Federal Reserve's interest rate decision). This will be reflected not only in the stock market, but also in the cryptocurrency market. Consequently, we can well expect a strong price reaction, including in this cryptocurrency closer to the event.
Note
The full step of the horizontal channel is about 50%. Turning zones and levels showed arrows. Important dates, zone 16, 21 and 22 (Fed, rates, relevant to the whole market).
Note
The price is at the channel support zone (potential double bottom) 0.000011974.
Locally - a potential "Dragon" pattern. The price broke the downtrend line.
Important dates for the crypto market in general:
1️⃣4 04
2️⃣7.04 U.S. Unemployment Rate 15:30 Moscow time
3️⃣12.04 U.S. inflation data 15:30 Moscow time (Astronaut Day
3️⃣12.04 ETH network hardfork. Will allow coins to be withdrawn from stacking. Very likely there will be a lot of FUD news and market manipulation closer to this date.
4️⃣18.04 SEC head Gary Gensler will testify before the U.S. Congress. The main topic of the report is the crypto market and regulation.
Note
FUD news: "South Korean court" ruled that LUNC is not a security
Note
1) if price holds (rebound inside the wedge)
2) potential (logical) if the decline continues.
Be less greedy - you will be richer. It is more rational to work from the average buy/sell price here because of liquidity (a jump/dump for a large percentage).
Note
Pay attention to this scam, the price at the resistance break of the big wedge. The scam (quite famous because of the elimination of a large amount of “extra money” with #UST stablecoin) can be used for a “PR campaign”.
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