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Lunc

LUNA CLASSIC LUNAC Inverse Head And Shoulders, Rally Imminent!Hi guys another quick update on Luna Classic. It looks like Luna has formed a nice inverse head and shoulders on the bi-hourly and is about to test the neckline around .000295. A break would initiate a minimum move to at least .000345 but likely to hit .000358 at the next resistance. Then a small correction and back off to the races I believe. The daily is looking really good so this move should be a good one. All is invalidated if we break below .000255 and go back into the falling wedge/bull flag. Then Lunac would likely retest the support of the wedge at around .000221, and then we will re-evaluate. If this wedge breaks to the downside a major correction to around .0009 ish will probably play out, but i am not leaning towards that scenario as the indicators and charts are looking good right now. This is not trading or financial advice this is just my opinion, and this asset is extremely high risk and speculative; however the reward is also extremely high. Thank you and good luck everyone.
Long
by Bitgolder
4
Bull divergende on 4h + MACD Crosshello folks, We starting to step out/ breaking the falling wedge. Note that RSi starting to show some bullish divergence and MACD made a Crossover upward (blue arrows in chart). Looks like we going to revert the fall and try to test the ath again. Imo FOMO will kick in again with the burning system starting in 5 days from today. Ideal will be to close the daily over 0,00030X and make a Bullish Engulfing candle to indicate that the correction is gone and the sell pressure lose some steam. NFA. Good trades.
Long
by RobertoMachadoNeto
High Risk & High Reward - LUNA CLASSICHello Team, As we can see LUNC is forming a massive falling wedge after a huge run up (Bullish Formation : *Upon Breakout). A strong volume resistance break to the upside from this falling wedge can have massive upside potential. We are looking to start adding small positions as we continue lower. Key Notes: This is a very high risk play due to being a highly skeptical trading pair; only for small position sizing. Fundamentals to follow: Bitcoin Strength/Weakness USD/Stock Market Strength/Weakness : Strong Correlation Previous Posted LUNA/C Trade: 1000%+ Run to the upside
Long
by GenesisGo
1
Future of LUNC(All of these are my thoughts and none of those are financial advise.) Hey everyone, today i'll be sharing my market analysis for LUNC. After %400+ pump LUNC drastically dropped down from 0.00059 and we're dropped from there hard. Here's what i think: I don't expect LUNC go up without a major burn. We saw LUNC hitting 3.1B marketcap twice and i think that's the all LUNC will get. Now if you're aiming 0.001 or 0.002 with 3B marketcap LUNC will "easily" reach there, but as i stated previously we need a major BURN. In other hand due to market hitting lows again and South Korea wants to prision Do Kwon, LUNC is basically abandoned and hitting 0.001 0.002 is impossible right now. This coin basically hands on whales and marketmakers now. Also, since intrinsic value of LUNC close to zero, we can easily say LUNC turned into Shib like coin and i don't see any support from market makers anymore on future. In following months, if LUNC can stay around 0.0002 that will be a good sign for future, however i'm not expecting for a pump for months and without major pump. Basically LUNC is a risky investment now, invest what you're willing to lose. NFA
by SaiyaNTrading
1
LUNC taking a break - time to go for a walk! (New entry idea)Here's a quick look at the 2 hr. LUNC chart. As we can see, the price has been forming a bigger falling wedge. The best entry would be when the price breaks above 0.000315$ with a good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.000315$ and take profits at the levels shown in the chart. Targets: 1. 0.00034$ 2. 0.00038$ 3. 0.00043$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
10
TERRA LUNA CLASSIC (LUNC) still bearish with bullish signs LUNC has been pushed down in the past few days by the double resistance trendline, breaking short term support levels in the process. I switched to 1-hour timeframe for finer detail but I still use the levels and trendlines from the 4H time-frame. I still consider the head & shoulders pattern to be the most significant influencing factor for this chart. I expect that we reach 0.00017 sooner or later. Still, we must always be preapred for a change of plans. I am not changing my bearish bias as long a the price stays below the red resistance trednline (the double-line). If it breaks up and manages to open and close a candle above the trendline, only then would I consider letting go of my H&S target price. I would still first wait for a daily candle close and another one to see if the trendline break was a fakeout or not. (if the second daily candle opens andcloses above the trendline, then I would expect that the trendline is no more valid) What suggest a potential trendline break? 1. price has been moving in a descending (falling) wedge for days now which is usually a bullish pattern (more precisely it signals the potential continuation of an otherwise bullish trend - which we had before price came down in the past few days) 2. bullish divergences are forming on the RSI and Stochastic RSI indicators - et least on the hourly time-frame. I would wait for confirmation onhigher levels, though... 3. another support level is coming in between 0.00022 and 0.00024 which used to play some part in price action in the past. After that, there nothing really to stop price from falling to 0.00017. Still, despite the bullish signs, we have no bullish action until the red resistance zone AND the red double-trendlines are broken with confirmation. Even after that I would prefer a retest in the following days to validate the break. Until then, I am sitting on my cash (took profits somewhere around 0.00037 when the support trendline break was retested) and waiting to see whether I an buy back at 0.00017 or if structure breaks and suggests another buy level...
LShort
by LaiChee81
2
Descending Wedge - LUNC/USDT- 4h KucoinPotential "descending wedge" or "bull flag" on the 4h for Terra Luna Classic (USDT). Bullish divergence on the Stoch RSI + nearing oversold. Same on MACD 4h. Oversold on the daily Stoch RSI. Probably good to wait for price action above the upper bounds of the pattern. Manage your own risk appropriately (stop losses). If it breaks this suggested pattern and falls to the downside, I would expect price approx. <= 0.00016000, as that area was never really retested. NFA.
Long
by BitBullMarkets
3