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LUNCUSDT

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 citylogicau
3
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.
Long
by Goldenbreakout
2
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
Short LUNC (*to zero....)LUNC - still not late to the short game (do NOT overleverage) The driving force behind the pump was the *burn mechanism - but even basic analysis shows that if CEXs don't onboard the burn mechanism the daily loss will be around $55k which for an inflationary token with a $3Bn market cap is Nada (note daily circulating token inflation is around $155k) The *burn narrative - using pre-tax usage number to extrapolate post tax figures is bad maths. Application of the tax reduces LUNC utility as a chain compared to peers to essentially nil. There are big holders - unlocking around $2.5m USD per day leading up to the 15th Sept. They're going to sell into this panic. 20th is burn day - most certainly sell that news but I'm positioning earlier than most. Expect volatility, there WILL be a short squeeze, position accordingly and don't use leverage. SL is pico top. TP 1 and 2 marked. Happy hunting.
LShort
by Flyte-X
4