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Lunc

LUNC 4h diversion on RSI versus PriceLUNC drops more than 50% from the big parabolic move it made over the last few weeks. 1) When we use the Fib Retracement tool we can see that LUNC sits on the 0.618 golden ratio which is a perfect trace back from this parabolic swing. 2) When we look at the 4h LUNC-BUSD chart we can see that LUNC sits in a symmetrical triangle which most of the time breaks out to the top. 3) We also see on the 4h candles a diversion on the RSI versus Price. RSI goes up, price goes down which indicates that the price will go up. 4) Not visible on this chart but LUNC finds almost support on the 4h 200 moving average. Also a positive indication. Now that the 1.2% burn tax is in place we see some low burning values. A lot of people expected more of it and started to selling their LUNC. As long Binance did not published an announcement if they will support or not support the 1.2% tax burn on their spot and leverage trading I will hold my LUNC. Be aware, when the announcement is negative we could see a big dump. When the announcement is positive all other CEX will follow and we will see a big pump. Personally I will hold, but I have some stop losses in place in case of the negative outcome. !!! Don't forget to get profit in time or set alerts/stop losses. You can always buy it back when it is tracing back up. The chart will not go up in one straight line. Cheers and have fun. ° Be Patient – Don’t panic – Trade Emotionless. ° Never lose a winning trade. You can always get back in later.
L
by seoco
10
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 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.
KRAKEN:LUNAUSD
by Bitgolder
4
ANC: GOLDEN TARGETS Since the before indicator chart for the expecting increase on ANC long term. This is a target list with expecting targets. Targets The most important target is between 0,15 and 0,18 second target will be above 0,20 - 0.28 3rd Target is around 0,35 - 0,40 The last target and its golden target that could entering above the 0,43 -0,50 ANC is a coin where it can show that there is no high volume - but it depends on whale interest. ITS a coin what can increase with whale increase, and most of times this will happen unexpected. The indicator shows interest for long term increase see below chart. This is not a trading advice. Crypto have a high of risk when there is no risk management.
ALong
by Goldenbreakout
2