LUNC Major Triangle FormingLUNC has been consolidating over several days, seemingly forming this longer-term triangle (purple). Would love to see price retest the triangle support and bounce up, and if so, would confirm the triangle for me, with a deadline of several days and a large price movement in either a bullish or bearish direction.
Luncbusd
LUNC back to where it came fromExpecting the burn mechanism implement to be a sell the news event.
Also notice this bear flag on the 4H chart.
Targets down at 0.00016 & 0.00013 area.
LUNCBUSD more gain 🚀Hello 🐋
Based on the chart the price is close to support area, we can see more gain here ✔️
or
from the lower support, we will see the gain 👌🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Bull Pennant on 1h Charthello all,
Bull Pennant forming on 1h chart. Bullish sign.
Looks like FOMO will kick in today because of the burning starting soon.
I think we will go to 0,00034X are today.
NFA.
Good trades
The final sprint, Lunc will go to the moon (2000%+)According to the chart, The stoch RSI is in oversold state, Last time the blue line go through the orange line, Lunc price from $0.000085 to $0.000595 (750%+),
Now the blue line go through the orange line again, The elliott wave E will more crazy than C, Lunc price will touch $0.006+(2000%+), Maybe more surprise will come( touch $0.009+).
Wait patiently for all kinds of good news( such as binance will support Lunc burn off-chain )
Hold is never easy, Good luck.
LUNC possibly still in correctionI think we are still in correction, see how it plays out but this is my prediction.
I'll be watching the 0.0004 level
Falling Wedge on the LUNCBUSDBased on technical factors there is a Long position in :
📊 LUNCBUSD
🔵 Long Now 0.00032300
🧯 Stop loss 0.00021750
🏹 Target 1 0.00039000
🏹 Target 2 0.00047000
🏹 Target 3 0.00059000
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
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.
Luna Classic About To Flip BullishLuna Classic has been respecting with these two resistances (purple, grey) and overcame the first shorter-term (grey) one with a 25% pump. Nows its testing the longer-term resistance, and if we can see a repeat of the same price action (circled) then we could flip bullish and see a large pump towards $0.4
LUNCBUSD Setup: Recent CPI numbers don't support crypto bulls.Hey traders, in today's trading session we are monitoring LUNC for a selling opportunity around 0.00029 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
LUNC taking a break - time to go for a walk! (New entry idea)Here's a quick look at the 2 hr. LUNC chart. As we can see, the price has been forming a bigger falling wedge.
The best entry would be when the price breaks above 0.000315$ with a good amount of volume .
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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$
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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."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
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...
Luna Classic Major Price MoveGreat to see LUNC respect the final fib level @ $0.25 after the triangle breakout. Looking for LUNC to make a decision as resistance and 0.786 fib level intersect soon. Price target of the following resistance if LUNC can breakthrough the closest resistance, otherwise bearish with a complete retracement to $0.10 possible
LUNC: NEW INCREASE: BREAKOUT 40%Since the last update and the expected breakdown, is this a technical good point for the return and recovery of LUNC.
It's possible that LUNC can do a new 40% increase and we will follow it to see what coming time will be done LUNC.
The expected target can be 40% but lower is also possible.
This is the before idea did play out with breakdown expecting: (and it seems LUNC are going out of breakdown)
There is no guaranty into trading, and this is not a trading advice.
Same time with no risk management trading end into losses.
PullbackSHORT TERM SHORT and LONG TERM LONG
5 waves complete. Now i'm looking for 3 waves down before loading up again.
The yellow zone is a 0.618 fib retracement zone, imbalance and 100% of wave A.
So this is where I'm looking to buy more after confirmations.
Divergence and high volume.
Gartley pattern in 4hr time frameDear Friends,
I detected a Gartley pattern in 4 hr time frame.
#DYOR
Lunc is growinghello,
I got a buy signal from my indicator on the 4-hour chart and also I see that in the 4-hour time zone LUNC is in an oversold zone see the blue circle.
#DYOR