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Lunc

LUNA CLASSIC / BITCOIN FRACTAL PAGODA, POSSIBLE MAJOR WASHOUT!LUNA looks like it has completed the head and shoulders patter I spoke about in my last chart and has broken below the neckline of this massive pagoda. This is not good and it can bring Luna down hard to possible lower lows if the drop is extended. I am seeing a correction to at least the .00012 area on a measured move of the cup and handle on the lower degree of trend. The higher degree of trend head and shoulders where the Pagoda was completed and is now trading below would give a measured move of about .00003 which is a real ball buster and I hope it does not play out. The thing with the pagodas is that if the lower degree of trend head and shoulders that form within the pagoda all play out and complete, the chances of the larger degree of trend head and shoulders to play out is lowered. Still possible but lowered. So here is something else I found. Bitcoin back in February/March of 2020 had this exact pattern almost and I saw the pagoda forming but thought that because the other smaller head and shoulders played out that we wouldn't see the huge drop. I was wrong and Bitcoin went from almost $9000 down to $3700, which was an even greater correction than the measured move. The measured move was only down to about $5000. The measured move is at least where its going, most times measured moves are extended when fear and uncertainty is high, which is exactly what we have now. So LUNA could possibly go to lower lows on this drop if the larger degree of trend head and shoulders plays out. The break has already happened below the neckline, and we are failing miserably trying to get back above it. It looks like its going for one more touch now and if it cant break the neckline resistance then I will be selling, and putting a buy order in around .00013 for the bounce and determine from there whether we are headed lower or if we are recovering. INVALIDATION: If Luna can rally and close about .00033 on at least a 1 hour preferably a 4 hour then I believe that the correction wont be as steep and a target of about .00014 could be the bottom of the current correction, before moving back up. Also today there was an arrest warrant put out for Do Kwon, this is confirmed by multiple reputable news sources. This shouldn't be bearish for Luna classic but it causes fear and people sell. Most haven't seen this news yet also it just came out a little while ago from posting this chart, just saying. This is just my perspective and my opinion, this is not financial or trading advice. Thank you all for the support and hit that like and follow me for constant updates.
LShort
by Bitgolder
1
TERR LUNA CLASSIC LOOKING BAD SHORT TERM! PAGODA EFFECT!LUNA looks like it has completed the head and shoulders pattern I spoke about in my last chart and has broken below the neckline of this massive pagoda. This is not good and it can bring Luna down hard to possible lower lows if the drop is extended. I am seeing a correction to at least the .00012 area on a measured move of the cup and handle on the lower degree of trend. The higher degree of trend head and shoulders where the Pagoda was completed and is now trading below would give a measured move of about .00003 which is a real ball buster and I hope it does not play out. The thing with the pagodas is that if the lower degree of trend head and shoulders that form within the pagoda all play out and complete, the chances of the larger degree of trend head and shoulders to play out is lowered. Still possible but lowered. So here is something else I found. Bitcoin back in February/March of 2020 had this exact pattern almost and I saw the pagoda forming but thought that because the other smaller head and shoulders played out that we wouldn't see the huge drop. I was wrong and Bitcoin went from almost $9000 down to $3700, which was an even greater correction than the measured move. The measured move was only down to about $5000. The measured move is at least where its going, most times measured moves are extended when fear and uncertainty is high, which is exactly what we have now. So LUNA could possibly go to lower lows on this drop if the larger degree of trend head and shoulders plays out. The break has already happened below the neckline, and we are failing miserably trying to get back above it. It looks like its going for one more touch now and if it cant break the neckline resistance then I will be selling, and putting a buy order in around .00013 for the bounce and determine from there whether we are headed lower or if we are recovering. I also want to say that if we do drop significantly, we will probably have a super fast recovery, probably V shaped, kinda like Bitcoin did in 2020. INVALIDATION: If Luna can rally and close about .00033 on at least a 1 hour preferably a 4 hour then I believe that the correction wont be as steep and a target of about .00014 could be the bottom of the current correction, before moving back up. Also today there was an arrest warrant put out for Do Kwon, this is confirmed by multiple reputable news sources. This shouldn't be bearish for Luna classic but it causes fear and people sell. Most haven't seen this news yet also it just came out a little while ago from posting this chart, just saying. This is just my perspective and my opinion, this is not financial or trading advice. Thank you all for the support and hit that like and follow me for constant updates. I will be posting a chart right after this one comparing Bitcoin's Pagoda AKA Rona Dump, in Feb/March 2020 to this one. The fractal is very similar almost exact. Im not getting shook out of LUNA, I am selling now and then re-buying at lower levels and doubling my holdings.
Short
by Bitgolder
TERRA LUNA CLASSIC (LUNC) looking more and more bearishAs stated before I have little confidence in any kind of bull-run for TERRA LUNA CLASSIC. You can see a summary of my reasons on the chart. My main reason for bearishness are the untested break of the past resistance line and the broken and retested support trendline (now turned resistance trendline). Also do not forget that the overall market is bearish over the mid-long term (6-12 months). I am not saying that crypto is poised to follow any market, I am just saying that in a recession people protect their money, look for hard assets that have proven long term to preserve their value - or at least suffer the least downside. Crypto does not have much history or proof in this area. It would not be my first go-to reserve asset... The recent CPI report has confirmed that we are still heading deeper into the recession, uneployment rate is increasing (as does the rate of applications) so I expect a bit more downside - lower lows on higher time frames. I am convinced that this recession will present wonderful long-term buying opportunities - later but not in the following days or weeks. If you are prepared to hold for the long-term, sure you can give it a try but there is no guarantee that LUNC will be around in the future. Just try to do a search for the most hyped cryptos of 2017-2018. Where are most of them today? So trade carefully. BTW, I did not short LUNC but sold a big chunk around 0.00037 and prepare to buy it back around 0.00017. It may never come to pass and price may skyrocket befor that, never to return again. But I have already made a decent profit on LUNC so I do not mind. Therewill be other assets and other trade opportunities in the market. ;-)
LShort
by LaiChee81
LUNC still trading above MA100 and MA9Dear Friends, I am still bullish on LUNC and at this moment we see lots of ups and down in the price. My several 4-hour indicators are still giving me a green signal. Indicators can get wrong due to fud, news or whales manipulating the market which is why it is very important to understand when to take profits. Please do your own research before taking any calls. I am attaching one more chart here in this chart you will see Lunc is in the oversold zone in 4-hour frame. Take care.
LLong
by Honeybee-Crypto
BRISE: CAN BECOME INTO TOP 100 AND GO OVER MOST MEMBitgert(BRISE) is a coin that can come in the top 100 at the long term on coinmarketcap. THE blockchain project with zero fees can play an important role, but what is the price action view? SHIBA, LUNC and all other memcoins build on hype and fomo, and we have seen also that it can be risky. will BRISE bring here a change to it? Brise seems to have an interesting structure that can increase with time in higher price action. The 6x0 coin can show some progress. At the long term, this project can do more X if the project keeps going with exchange listing and also the development of blockchain. This is not trading advice. crypto can be very risky.
Long
by Goldenbreakout
TERRA LUNA CLASSIC LUNC IF MERGE GOES WELL THEN TARGET IS $.0025LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash of the whole crypto market will happen, not just Luna. I don't think that is the case and I believe this correction was just a little breather to refuel for the next run to $.002, and the ETH merge will go just fine. As I mentioned before I really do believe that all the projects and companies that went to Luna 2.0 will move back to Luna classic, its already happening. Then once Do Kwon (Con) is prosecuted and jailed his Luna 2.0 will rot in prison with him. No one wants to do business with a thief, so all those projects running on Luna 2 will move to Luna Classic in support of the community. The burns will really take off then I believe. This is just my speculation on how things will play out. I called the massive drop in Luna when it was at $70 dollars before its all time high, I also called the previous local top around .0006 in a previous chart as well Ill link my charts below. This is not financial advice this is just my opinion. If you like this idea then leave me a like and comment below with your thoughts. Thank you ON THIS ONE I WAS OFF ON THE TOP, BECAUSE OF THE BLOW OFF HYPE TRAIN THAT WAS CREATED, BUT THE CORRECTION I WAS SURE OF
Long
by Bitgolder
2
BNX: THE STEP BY STEP INCREASE COINBNX is in the long term very interesting and with the before updates, we did explain why. This coin has a DCA whale trend: and it's one of the best options that a coin can have. Further, it's not known much, but as long there is a green cycle with D CA this coin can go step by step to increase until the high breakout what can follow with a huge Fumo effect. it's a long-term expectation, but same time it will stay crypto which can go into the short term. It's a coin that also if markets breakdown still can do well since the DCA, but there is no guaranty. Depending on study, yes it can do. This is not trading advice, know that trading in all ways can be risky. This is only a study that was done on this coin depending on the DCA follow and structure volume.
Long
by Goldenbreakout
BNX : LONG TERM VISIONThis is a long-term update for BNX, and it's a scenario that could happen, which means not it should happen 100% The most logic expected for this target depends on more Factors as, before BNX updates, it's the ATH 225. This update adds more details about 188/225/332 This is a view for the long term, if this DCA whale trend keeps going it's possible. with time this coin will become more known and can get more volume power. Depending on this idea view, is this just the start of a possible huge increase with time This is not trading advice. There is no 100% into markets. This idea is a scenario and means not it should 100% happen.
Long
by Goldenbreakout