luncLunc Technical analysis basically on elliott waves Principles and Price action Patterns
Lunc can be go Down to make a Double bottom
Wait and watch.
Lunc
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.
LUNALUNA/USDT in this coin im waiting for pullback on my sell zone to take SHORT Position after breakout
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
LUNA2.0 trade will be boost up for short term LUNA2.0 trade will be boost up for short term from blue range area as we predicted before. There is one leg up before head down to zero. Trade scenario will completely change as it crosses 50% Fib level which is around $25. We are expecting two mega negative candles then up after long accumulation period.
LUNA technical Or Market sentiment #LUNA Technical Analysis:-
#LUNA 1.0 = 100% Dumped from ATH
#LUNA 2.0 = -90% Down From ATH within 13 Days.
What's TA..?
If hold $2 support then we can see $7 in Coming Days otherwise Ready for #LUNA 3.0
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.
LUNC May be dead, LUNA 2.0 is where it's atEverybody was hyping up LUNC to be the new LUNA but as i've recently found out, LUNA 2.0 is founded by Do Kwon the same guy that founded LUNA. i'm now ditching LUNC and loading up on LUNA 2.0
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.
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.
luncnew update
You can take advantage of this deal
🔴 Warning 🔴
Do not enter the deal until the entry price is reached
Good luck
LUNA BULL TRAP ONCE AGAIN! WATCH THIS BACK TESTING & HISTORY 👇LUNA is a Smart scam as mentioned earlier many people wanted to become millionaires with this DIP or Hard crush but the truth is this was rugged very smartly where people never wants to accept the fact while they have invested heavy into this shit scam. So with my previous analysis I have clearly mentioned that LUNA2.0 will never work again. The project has broken the trust built within the community.
And here is my chart and what I see on this shit show right now. So the recent pump is for another wipe out. People are starting to gamble again and again on LUNA where many retailers are going to get trapped into this. Try your luck and throw only what you can afford to lose. Expecting another new low soon after this fake rally. Good Luck!
BNB/Binance Coin drop is not over yet!🔥#BNB
▪️ Binance Coin hit support at $270 showing purchasing power. The RSI is oversold, I think we can see a small move up, but I don't expect any super movement, $290 will be the seller's level, from where the fall will continue.
💎I think you need to wait with purchases, the fall is not over yet.
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FTM/Fantom short signal🔥#FTM
▪️Fantom is overbought according to the RSI indicator, technically it has a chance for a pump, but if you look at bitcoin in a complex, I think you should not hope for growth in the near future.
💎Expect a decline to $0.3000 support
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ADA/Cardano for those who are catching the bottom, wait!🔥#ADA #Cardano
▪️In the near future, I expect a drop of -30%. Using only technical analysis, not only the coin itself, but also the main cryptocurrency.
💎 I think you should refrain from buying assets and wait a bit.
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Ethereum short guys!#ETH
▪️See how Ethereum overheated on RSI, also technically approached the trend line indicated on the chart, from which a fall always followed.
💎In the near future I expect a decrease, I indicated everything on the chart!
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.