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LUNAUSD

LUNA Rides Ascending Channel To ATH, Is a Pullback Imminent?-LUNA has risen nearly 50% the last week -Price has been in an ascending channel for 3 weeks -50MA has been holding as support for 3 weeks LUNA has had a wild ride the last month as prices have risen nearly 350%. BTC breaking above its major resistance mark of $40,000 allowed Terra & other alt coins to explode off their lows. The overall cryptocurrency market has been pumping for nearly a month straight, which brings the question of when will a pullback occur. At the time of writing, many coins have rejected resistance hard & look to be starting some type of retracement. This is a completely healthy scenario which would allow prices to push higher with more strength & stability. While looking at the ascending channel shown in blue, we can see how price has tremendously respected both trend lines. Each time LUNA has reached either trend line, price has rejected off of it. This scenario just occurred as LUNA hit an ATH of $24 & immediately was rejected further into its channel. For LUNA to continue pushing higher, price must break & hold the major resistance level found from $22.40-$23.98. If this does occur, LUNA will then enter uncharted territory & will form new resistance marks. Overall, this is a very good sign for the crypto market that a major alt coin has breached its previous all time high. At the time of writing, LUNA is attempting to hold its minor support level of $20.86. If this support can hold, Terra may test its major resistance zone again. In the case that bears continue control, LUNA will likely land at its next minor support level of $19.50. This support is very close to the bottom trend of the ascending channel. This area has a high chance of being the bounce zone for LUNA. Anything below this mark will turn extremely bearish as Terra would break its near 3 week uptrend line. The 50 MA has been holding as support for nearly this entire run. As long as Terra stays above this, it is in a bullish state. While looking at the Stochastic RSI, we can see how strength just rejected off the overbought region. This is a bearish sign that LUNA may have further to fall before another bullish push occurs. The regular RSI has just experienced a rejection off a resistance level that has been respected 3 other times. With these indicators turning bearish, it is likely LUNA needs a cool off period of retracement. LUNA Intraday Analysis Spot rate: $21.00 Trend: Bullish Volatility: High Support: $20.87 Resistance: $22.41
by CoinGape
Luna Gave 150% growth, but history may repeat, where to buy?Less than a month ago, we published an idea for a pair of LUNAUSDT , where we briefly described the Terra project itself and considered the history of the price behavior of the LUNA token We jokingly called the idea "Rocket to the Moon" and got a good 150%+ growth in a short period of time , check it out for yourself) As can be seen from the graph, this rapid growth was stopped by the liquidity zone , where in the past there were big sales well before the fall in May. It was not possible to break through this zone the first time, so it is logical for the LUNAUSD price to go for a correction , and gain new buyers and strength for further upward movement. We would like to see a correction to the $8.75-9.50 zone. Keeping the price of LUNAUSDT in this zone or even above it will signal serious strength and intentions of buyers. As a result, in the future, one can expect one more 150%+ growth to the $22 region, where the previous ATH was recorded. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
65
LUNA Struggles At Major Resistance, Is ThIs Rally Coming To An E-Luna has risen over 200% this month -Price has been supported by the 50MA -LUNA has respected an ascending channel the last 23 days LUNA has shown immense strength over the last month after price hit lows in May. The large cap cryptocurrencies have been on a steady uptrend the past weeks which has allowed many alts to surge. Terra has outperformed almost all top 100 coins the last month as prices are up nearly 250%. This has investors wondering if the bull market is back in full fledge. BTC still must clear the $55,000 mark to be in a place where we can confirm it is continuing its uptrend this bull market. After looking at the last month of price action, we can see how Terra has respected an ascending triangle very well (shown in light green). Each time price hits either trend, it gets rejected to the opposite. This shows a very steady uptrend is in place & will continue as long as price stays in the channel. For LUNA to go for another leg, price must break & hold the major resistance zone from $17.33-$18.36. If bulls manage to pull this off, price will then aim to hit the two given targets around $20. At the time of writing, LUNA is holding above its minor support found at $15.96. In the case bears reject price from breaking its major resistance zone, LUNA must hold its current support to save itself from a further downfall. If bulls fail to hold this area, LUNA will have one last shot at holding the bottom trend of the channel. If selling pressure increases & both these marks break, LUNA will then be in a confirmed downtrend & will likely sweep back to around $15.00. The 50MA has held price up for over 20 days & a break below this mark will be the last confirmation needed to say LUNA is in a short term downtrend. While looking at the MACD, we can see it has spent most of its time in bullish territory the last 3 weeks. The only concerning part is that the MACD now has a curved top which may show a slight trend change is underway. If the MAs break below the 0 value back into bearish territory, be prepared for a fall to $15. The Stochastic RSI has just visited oversold territory for the first time in 3 days. If the strength gets stuck below the dotted line, we can expect further sell off & inversely if it can break upwards past the 20 value, another bullish push may be underway. 

 LUNA Intraday Analysis Spot rate: $16.70 Trend: Bullish Volatility: High Support: $15.96 Resistance: $17.33

by CoinGape
1
Terra (LUNA) - August 13Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (LUNAUSD 1W Chart) If the price is maintained above the 5.34838629-7.12617120 range, we expect the uptrend to continue. (1D chart) It remains to be seen if the 15.87245809-16.86020045 zone can find support and move above the 18.55048090 point. If it falls from the 15.87245809 point, you can touch the 13.75549770-11.94771610 section, so you need to trade carefully. You should see if the center line rises as the green color of the OBV on the volume indicator increases. On the CCI-RC indicator, we need to see if we can accelerate the uptrend by moving the CCI line above 100 points. ------------------------------------- (LUNABTC 1W chart) If the price is maintained above the 11711 Satoshi-17431 Satoshi section, it is expected that the uptrend will continue. (1D chart) It remains to be seen if the 35702 Satoshi-37131 Satoshi section can find support and rise above the 39847 Satoshi point. If it falls in the 29723 Satoshi-31963 Satoshi section, you can touch the 25242 Satoshi point, so you need to trade carefully. 25242 If it is confirmed that it is supported near the Satoshi branch, it is possible to enter. However, it is expected that the direction will be decided again in the section 29723 Satoshi-31963 Satoshi, so you should think about it. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
L
by readCrypto
3
LUNA Rides Ascending Channel To Multi Month High-LUNA has risen 170% the last two weeks -25MA has held as support for 15 days -RSI is near breaking its up trend line LUNA has had a wild revival the last few weeks. Prices rose almost 200% from the low set a few weeks ago as the general market has risen an average of 40% off the lows. This is very impressive for an alt-coin as the majority of alt-coins are still gaining steam for a strong push upwards. After such a strong bullish surge, it is safe to assume some type of retracement may occur before pushing LUNA pushes higher. For the past 15 days, LUNA has been respecting an ascending channel (shown in green). This channel has held LUNA throughout a very strong upwards trend. Just over the past 12 hours, LUNA has experienced 2 rejections at the top of this channel. Each time this has happened, LUNA retreated back to the bottom trend of this channel. If the current support of $14.50 fails to hold, we can expect LUNA to fall back to the bottom trend of this channel, along with the major support of $13.55. Over the past 2 weeks, the 25MA has held support for LUNA. This can be referenced over the coming days as a break below this MA along with the bottom trend of the channel, will likely trigger a short term downtrend. For LUNA to continue pushing, it must break & HOLD its major resistance zone found at $14.50-$15.00. This will set LUNA up to hit its next targets. Although, it seems likely LUNA needs some cooling off before this occurs. While looking at the RSI, we can see a trend line has been respected for over 2 weeks. At the time of writing, the strength is hanging out very close to it. Breaking below this trend will cause the trend to shift and LUNA will begin a short term retrace. The MACD has been floating decently high the last few days and it seems to be curling over, readying for a bearish cross. LUNA Intraday Analysis Spot rate: $14.70 Trend: Bullish Volatility: High Support: $14.50 Resistance: $15.13
by CoinGape
2
Terra Luna 1D Soon again rocket launch to the moon?Terra is a blockchain protocol that uses stablecoins pegged to fiat currency to provide a stable price for global payment systems. LUNA is a Terra token that is used to stabilize the price of protocol stablecoins, and LUNA owners can submit management proposals and vote for them. For 4.5 months, the cost of LUNAUSDT soared by x80 and this is a cool result. After a strong rally in growth, a logical correction began. At first, it was smooth, were those who were more cunning were selling out, and during the fall in May, the correction became simply vertical downward. As a result, the price of LUNAUSD corrected by -82% from the maximum. Further, LUNA investors were waiting for almost two months of consolidation in the zone of $4.70-7.50. Now we don't really want the price to fall below this consolidation, it's time to complete it and grow back. For this, buyers should not be allowed to drop the price below $5. Below $4.70-5, there will be an area for a fall, where $3 can act as the first level to stop. Although, as can be seen from the chart on the way up, more or less liquid zones were $0.77-0.88 and $0.40-0.50 , even we hardly believe in such a pessimistic forecast. Therefore, for now, we take the white scenario as a basis. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
22
LUNA Finally Clears 2 Month Channel Resistance-LUNA has revived nearly 70% the past week -Price has recently cleared its ascending channel resistance -RSI coils right below the overbought value LUNA has held fairly well over the past couple months as most coins hit a new low throughout the last 2 weeks. LUNA has been continuously printing higher lows as the majority of alts have been continuously getting crushed. This shows the overall strength of LUNA as prices are still up over 2000% over the past year. LUNA has a large price void that may soon get filled if the market continues bullish. While looking at the chart, we can see prices have formed an ascending channel over the last 65 days (shown in green). Just over the last day, LUNA has fully cleared over the top trend of the channel formation. As long as prices stay above this, LUNA is in a great spot. Along with this trend lies a resistance zone of $8.78-$9.43. Bulls must continue to hold prices above this mark to stay in a bullish trend. At the time of writing, the 600MA is acting as a resistance line along with the other two barriers. This has been a great indication of whether a bull trend or bear trend is taking place. If prices can clear over this MA, LUNA should have all the confirmations needed to have a confirmed bullish trend. If bears take back control, LUNA will find support at $8.26, $7.59, & $6.47. While looking at the RSI, we can see a short term bull flag has been forming. If strength manages to break to the upside, LUNA will experience another strong bullish push. The MACD has recently visited the bullish territory which has brought along this near 70% price surge. The MA’s have touched a near 2 month trend line which has acted as resistance 2 other times. Breaking over this mark will allow LUNA to push to its next targets. LUNA intraday levels Spot rate: $9.40 Trend: Bullish Volatility: High 
Support: $8.79 Resistance: $9.42
by CoinGape
1
Terra (LUNA) - July 22Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LUNAUSD 1W Chart) If the price is maintained above the 3.70489849-5.34838629 range, the uptrend is expected to continue. (1D chart) It remains to be seen if the 5.05469988-6.69727011 section can find support and move up. If the price is maintained at the 6.69727011 -9.98241078 range, it is expected to turn into an uptrend. To continue the uptrend, you need to break out of the downtrend line. If it declines from the 5.05469988 point, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. ------------------------------------- (LUNABTC 1W chart) If the price holds above the 11711 Satoshi point, it is expected that the uptrend will continue. (1D chart) If the price is maintained in the 18421 Satoshi-23931 Satoshi section, it is expected that the upward trend will continue. It should rise above the 26685 Satoshi point to accelerate the upward trend. If it falls in the 17431 Satoshi-18421 Satoshi section, Stop Loss is required to preserve profit and loss. However, it may follow an uptrend line, so you need to trade cautiously. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, or BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
L
by readCrypto
Terra (LUNA) - July 2Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (LUNAUSD 1W Chart) We need to see if we can continue the upward trend by moving above the 7.12617120-8.71867222 section. (1D chart) It remains to be seen if the 5.59660673-7.41981257 section can find support and move up. We need to see if we can break out of the downtrend line while maintaining the price at the 7.41981257-11.06622448 zone. ------------------------------------- (LUNABTC 1W chart) If the price is maintained above the 11711 Satoshi-17431 Satoshi section, it is expected that the uptrend will continue. (1D chart) We have to see if we can sustain the upward trend by maintaining the price by moving up to the 20035 Satoshi-26083 Satoshi section. If it goes down, we should see support at the 13987 Satoshi point and see if it can move up along the uptrend line. If it falls from the 10964 Satoshi point, it will enter the mid- to long-term investment area, so careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** 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.) ** See support, resistance, and abbreviation points. ** 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. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
L
by readCrypto