Get started

Lunc

Will UST recover?Hi everyone, UST and Luna were interchangeable allowing UST holders to exchange 1 UST and mint $1 worth of Luna, and vice versa. UST’s model: 1. (No.1) UST > $ 1 -----> there is an incentive to trade $1 worth of Luna for one UST (why? because, 1 UST is always considered to be equal to $1) 2. (No.2) UST < $ 1 -----> there is an incentive to trade 1 UST, for $1 worth of Luna (why? because, $1 worth of Luna considered to be equal to $1 (Market Price)) What happened? (No.3) on May 8, when the price of $UST began to drop substantially below one dollar, the (Luna) Foundation began converting this reserve (80,000 BTC) to $UST. (May 8, 1 BTC = $32000, 80,000 BTC =$ 2.5 Billion) then, On May 12, Luna Foundation Guard swapped 883,525,674 $UST to 221,021,746 $LUNA Result: at least in my experience, what always happens is (this case): this takes some UST out of circulation, driving up the price of UST. In short: Will UST recover? yes! Money is not lost. It can be found through tracing!
U
by BTC-XLM
6
Bitcoin next move Bitcoin price is about to exit the bearish zone of the Ichimoku cloud (red cloud) and to close above the Leading Span B line which indicates to a bullish movement in the coming days. I expect first a test for the 23k resistance then pullback to the ichimoku cloud Leading Span B line which will act as a support. 23k is not a tough resistance and most likely it will be broken very easy. Then Bitcoin will tackle a very strong resistance zone at 29k which is the Leading Span A of the ichimoku cloud on the Daily TF.
BITSTAMP:BTCUSDLong
by TradingZzone
WILL LUNC / BUSD BEAT THE TARGETSHello everyone, let's take a look at the 4H LUNC to BUSD chart as you can see the price is approaching exiting the channel marked with the blue lines. Let's start by setting goals for the near future that we can consider: T1 = $ 0.00005988 T2 = $ 0.00006536 T3 = $ 0.00006958 T4 = $ 0.00007394 and T5 = $ 0.00008027 Now let's move on to the stop loss in case of further market declines: SL1 = $ 0.00005115 and SL2 = $ 0.00004089 Looking at the CHOP indicator, we can see that in the 4H range we still have some energy, while the MACD indicates that we are maintaining the local upward trend.
L
by cryptodailyuk
LUNCBUSD- NEW CYCLE UNDERWAY!Markets achieve significant lows (or troughs) at the beginning (or end) of a cycle and i would be using significant highs and low pre and post luna crash to make my case All time High- $119.55 on April 4th 2022 All time low - $0.00000010 on May 13th 2022 Pre Crash- LUNA The Whole movement from august 19 2020 to 'Friday 13th 2022 can be interpreted as a downward A-B-C correction. inception price at 0.60000002 on August 19 2020 to 0.27520001 on November 3rd 2020 is Wave A down from 0.27520001 on November 2 2020 to 119.55 on April 4th 2022 is Wave B up from 119.55 to 0.00000010 on May 13th 2022 is five wave down for wave c Post Genesis- LUNC 0.00000010 low on May 13th to post genesis of LUNC high of 0.0002900 on May 30 2022 is wave 1- see graph LUNC high of 0.0002900 on May 30 2022 to 0.00009150 on June 1 2022 is five wave down of Wave (a) of 2 - see graph 0.00009150 on May 30th 2022 to 0.00010540 on June 2nd 2022 is wave (b) of 2- see graph from 0.00010540 on June 2nd 2022 to 0.00004930 on June 8th 2022 is Wave (c) of 2- see graph June 8 low of 0.00004123 is the start of wave 1 of 3 Wave 3 is never the shortest wave - we may be in for a significant upside potentials for LUNC Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
LLong
by Ola250
4
LUNC Terra Classic Ponzi SchemeThe collapse of Terra's LUNA and TerraUSD cost investors over $40 billion. Some of them lost their lifetime savings, others lost borrowed money and some even committed suicide. This project made investors lose trust in the crypto space as well. The CEO of Terraform Labs, Do Kwon, is facing criminal charges for building a Ponzi scheme in South Korea, Terra investors being victims of fraud. Billionaire Bill Ackman also considered the project to pyramid scheme. Do Kwon was the one behind Basis Cash, another failed algorithmic stablecoin in which people lost $54 million. Terraform Labs also lost US Appeal Securities and Exchange Commission Subpoena. I don`t see a future for this project. There is a chance that its founder, Do Kwon, end up in jail if the criminal charges for building a Ponzi Scheme will turn out to be true.
Short
by TopgOptions
20
LUNC/USD Daily TA BearishLUNC/USD Daily bearish. *The case for a LUNA or LUNC recovery is getting weaker every time more questions are asked. The SEC is in the process of investigating the issuance of synthetic securities through Mirror Protocol and are now investigating Anchor Protocol (the UST depeg crash). FatManTerra from the Terra Research Forum followed the money and claims that even though TFL says LUNA (2.0) is 100% community owned, they still own 42m LUNA . And former Terraform Labs employees are now saying that Do Kwon either sold (or sent to a private wallet) $80m of LUNA a month leading up to the hack . Recommended ratio: 0.5% LUNA, 99.5% Cash. Price continues to trend sideways below $0.0001 as negative news just continues to pile on Do Kwon and LUNA/ LUNC. Volume remains High (low) and fairly balanced between buyers and sellers, indicating that interest is still there. Parabolic SAR flips bearish at $0.06, this margin is neutral at the moment. RSI has been flatlining at 14.25 for 30 consecutive sessions now. Stochastic is currently crossing over bullish at 84, the next resistance is max top. MACD remains bullish and is currently trending up slightly at -6.51; it is still technically testing -8.46. MACD is currently trending up slightly at 73.57 as Price continues to trend sideways below half a cent, this is bearish. If Price is able to break out above $0.001 then the next likely target is going to be a test of $0.01. However, if Price continues breaking down then it will likely fall closer to 0. Mental Stop Loss: (two consecutive closes above) $0.0001.
KRAKEN:LUNAUSD
by dailytaguy
LUNC LUNA Classic breakoutBroke out of a descending channel and a diamond reversal pattern. Measured move is 0.0000926 of the descending channel. The 1.618 of the diamond reversal is 0.000139. LUNC community has initiated a 1.5% token burn on every transaction. This should in theory reduce the supply of LUNC to pre-attack levels in a year's time. I don't care about Do Kwon's Luna 2.0, it is just a mean to run away from Luna's failure. It has no Dapps and dev must port them from LUNC which is not going to happen in this market.
LLong
by nagihatoum
5