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Terraluna

LUNA Terra: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD). The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price is sitting at the multi-month Support and Resistance line. RSI and MFI are around the oversold region so there may be a price move up, but the trend still seems heading down. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
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by MillionaireEconomics
9
TERRA LUNA, Massive Head-Shoulder-Formation, Objections!Hello, Welcome to this analysis about Terra Luna and the 4-hour timeframe perspectives. Since the cryptocurrency market recently formed a massive pullback to the downside we need to adjust to the situation and derive the best out of it as such situations can also show up unforeseen opportunities. In this case it is highly important to consider the differences between the certain cryptocurrencies as they are all forming very differential setups, there are crypto coins that have a more bearish interface, there are coins that are more neutral and there are coins that have more bullish interfaces. With Terra Luna as I discovered and as it is seen in my chart the whole interface has a bearish edge as Terra Luna recently completed this whole massive decisive head-shoulder-formation marked in my chart in red with the breakdown below the lower boundary. Below the neckline Terra Luna increased with heavy volatility and now bounced back to form this confirmational flag formation that is marked in my chart in red with the black boundaries, this formation is confirming the whole breakdown and head-shoulder-formation. Within this formation Terra Luna also has a coherent wave-count with the waves A and B already completed and now as Terra Luna sets up for the final wave C this wave C will directly lead into this main resistance cluster where several resistances come together. Once Terra Luna tested this resistance there is a high likelihood that a pullback from there on emerges which will finalize the whole confirmation formation with a breakdown below. The whole targets of the head shoulder formation are as it is marked in my chart within the 40 Usd and once these have been reached the situation needs to be elevated again, for now we should not keep the bearish perspectives out of sight. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8
LUNAUSD turning lunaticQuick heads up... LUNA might be turning as the day chart (left) had exceeded the Bollinger Bands 3SD, and this tends to bounce back. Today's candle is done at 0800hrs SGT and it needs to be signaling bullish tones. 56.37 is a support that must hold over the next week. The 4H chart on the right shows a detailed bounce off a support for an interrim double bottom (with a higher low). MACD is indicating a bullish divergence. Breaking above 64.70 and sustaining above this level is a must to be bullish.
LLong
by Auguraltrader
Terra (LUNA) correction after new ATH...Terra (LUNA) correction after new ATH... ... perfectly played out as proposed on December 23th. ... look how perfect the price interacted at the proposed volume levels. On the daily chart LUNA has to break the volume resistance and FIB golden pocket. What do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *not financial advice do your own research before investing
LLong
by Crypto4Everybody
3
Catch quick 25% up. Terra still bullish in a correcting marketThe current correction should’ve been expected after such massive moves by a lot of cryptos last year, nevertheless, the wider crypto market is still apparently in a bullish cycle. Terra bouncing off the 50 day ma. Rsi is in good support zone and the previous day is a green hammer candle which signals a possible reversal as the bulls are taking back control. Looks ready to continue it’s uptrend and retest it’s previous high. I see a possible head and shoulders pattern forming. A 25% move upwards is on the table from it’s current position @80.1usd. Tp1 - 90usd, TP2 - 100usd, TP3 - 120usd. Terra has not caved in to the pressure of the correcting market yet but it’s impossible to specify how long this uptrend continues so be very vigilant. This is not investment advice. Trade with caution and do not risk money you can’t afford to loose a percentage of.
Long
by thefitprogrammer
1
Terra Luna- Algorithmic Stablecoins, Destination 145$Created by start-up Terraform Labs and its co-founders Do Kwon and Daniel Shin in 2018, the Terra blockchain underpins a decentralized finance (DeFi) ecosystem that creates algorithmic stablecoins. Stablecoins, or cryptocurrencies pegged to reserve assets like the U.S. dollar, are frequently used in DeFi applications like lending or borrowing. “Terra is the hot dot among the cool kids in crypto right now,” Hougan says. “People love the team behind Terra, and they love all the various applications being built on it right now.” With nearly $18 billion in total value locked, Terra recently became the second-largest DeFi protocol behind Ethereum, according to data provider DeFi Llama. What are the risks? Generally, financial experts warn to only invest as much as you can afford to lose in all cryptocurrencies due to their risks. The potential for large price swings should be considered and understood before investing. When it comes to Luna specifically, “the bigger risk” is that investors could be subject to losses if Terra’s stablecoins are unable to hold their pegs, Hougan says. Luna acts as a sort of volatility absorption mechanism for Terra’s stablecoins, so Luna’s performance may correspond with that of Terra’s stablecoins, he says. Though Terra’s stablecoins, including dollar-pegged UST, are performing well now, it’s impossible to predict the future performance of any asset and whether it will be able to withstand high volatility or a bear market. In addition, it’s important for investors to be aware of any regulatory issues within a protocol. The U.S. Securities and Exchange Commission (SEC) is currently investigating Terraform over whether it is selling unregistered securities. This subpoena is related to Terraform’s Mirror Protocol, which offers synthetic versions of stocks, and not the Terra protocol itself. Situation does not look as complicated or dangerous like XRP Ripple's case. Despite the risks our outlook remains positive. One Love, the FXPROFESSOR
Long
by FX_Professor
3