ANCUSD Seems Ready to Recover 50%-61.8% of it's Crash Losses.A few months ago every tradable asset associated with the Terra Ecosystem had major crash and Anchor Protocol was one of the assets affected. Since then ANC has been sitting here at these lows forming Bullish Divergence on the RSI and the MACD is refusing to turn negative as ANC Trades within this price range despite the steadily declining price. I believe that based off this ANC is signaling to us that it is ready to recover much of it's losses and my targets will be the 50% Retracement and the 61.8% Retracement.
Terraecosystem
Terra LunaEverything is in the Graph. Bearmarket not yet here, and if we enter a Bearmarket, it will be smoother than you think.
You don't want to be a Shorter, but a "Bottom Fisher" on big projects.
What Is Terra (LUNA)?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
- Notice in this analysis the perfect harmonic ascension in Fibo Channels.
- i will post older analysis from 2021 in comments.
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Trading Plan
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Buy : 60$-56$ (Gift Buy)
Buy Breakout : 77$+
TP1 : 77$ ( if Luna retrace in Buy Zone )
TP2 : 95$
TP3 : 119$
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SL : under 49$
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Stay Safe, Trade Wisely.
Happy Tr4Ding !
Mirror Protocol Luna Gem for Defi YieldMirror has been around a long time and now with Luna really starting to gain traction being the 2nd largest crypto by TVL fundamentally it is undervalued IMO with many great features for degens like borrowing aust against spy derivative - for higher yield from anc anchor protocol giving u 3-4x the yield of approximately 60-80% on the stable coin ust
Anyways MIR has been in a long bear market and it’s starting to make a reversal here
It still has a long way to go, the weekly chart is incredibly bad, but a lot of the selling was from everyone being afraid of the derivatives aspect of it which is still a concern with us regulation although at the end of the day MIR can still attract a lot of users in and out of the USA.
ORION MONEY (TERRA ECOSYSTEM)This one is completely under the radar, it seems. With Astroport (TERRA DEX) around the corner, the whole ecosystem of TERRA will react in a positive way imo. Exchanges always give ecosystems a new perspective and ORION is a coin that really has potential to grow!
DYOR
Good Luck & Good Trades
V
$LUNA/USDT 1h (Binance Fut.) Descending trendline break & retestterra.money is recovering pretty fast and seems to be forming a bullish flag, continuation is likely after a last dip.
At first it was only a DeFi token, now Terra has its own Ecosystem and is also part of Solana and Cosmos ones.
Current Price= 29.499
Buy Entry = 29.161 - 28.117
Take Profit= 31.473 | 34.318 | 37.732
Stop Loss= 26.363
Risk/Reward= 1:1.25 | 1:2.5 | 1:4
Expected Profit= +19.80% | +39.66% | +63.50%
Possible Loss= -15.90%
Fib. Retracement= 0.786 | 0.947 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 5 days