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LUNAUSDT: Huge upside vs modest riskI've been thinking about it and the setup here is probably the best trade to take in crypto markets going into the end of the long term trend signals I had forecasted in $BTCUSD and $ETHUSD as far back as July 2020. Weekly and daily charts, and also ratios vs $BTC and $ETH show $LUNA can perform incredibly going forward. We all are aware of Do Kwon's stunt, to accumulate a massive $Bitcoin stash to back his $UST stablecoin, and thus reinforce the self reinforced trend present in $LUNA from the start. The last big self reinforced trend we observed in crypto was $Solana and also $Bitcoin and the $GBTC arb play that was absorbing a lot of supply and fueling speculation until the Canadian ETF launched. These trends form tremendous bubbles that George Soros describes as the ideal opportunity to build wealth when identified. The key will be identifying what breaks the self reinforced mechanism, and reverses the trend bursting the bubble that is being inflated here. The mechanism in question makes each transaction made using Terra’s stablecoin incur a fee which is goes to reward holders of $Luna, the ecosystem's 2nd native token. The Treasury and miners hold these tokens, so higher transaction volumes create more miner demand (which should increase the cost of attacking the network in theory) while giving the Treasury more funds to protect the stablecoin and fund discounts for Terra users who make purchases with the stablecoin (similar to cashbacks). As such, transaction growth will impact $LUNAUSD's price via this mechanism...Can be a double edged blade, and will be interesting to see how this bubble unwinds. For now, it's a good thing to hold considering downside risk and timing of the T@M signals present in the weekly chart. Cheers, Ivan Labrie.
Long
by IvanLabrie
1
Luna Are you rdy for short ?👀👀👀First, hello, dear friends, we are back with another analysis. Let me tell you, friends, about the Luna currency code, with a very simple method, a very good divergence can be seen in the daily / weekly / monthly time. On the other hand, Luna's currency code has made a very good profit this time. There is a high price bubble in this currency code, which indicates that there is a downward trend ahead. Another point is the end of the bitcoin uptrend and wait for the market to fall.
Short
by ManochehrAzar
9
Terra (LUNA) - March 29Hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- ** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward. (LUNAUSDT 1D Chart) Primary resistance: around 112.52 Secondary resistance: 124.99-131.23 Strong support: 50.17-56.40 The interval 93.82-100.05 is the interval that determines the trend. Therefore, it is expected that the trend will be determined by which direction it deviates. However, since the price range is located near ATH, there is a lot of pressure in proceeding with new purchases. Therefore, we do not recommend new purchases. (Stop Loss) When it falls below -89.45 - When it falls below 85.16 (Sell) When receiving resistance near -112.52 - When receiving resistance in the section 124.99-131.23 ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto