Jasmy looks good. Cult = Perfect! And don't FOMO in on Luna!Traders,
A little anxiety relief here. Let's put our emotions in the backseat, look to the charts, and do a little technical analysis to observe what the charts are telling us.
- Stew
⛓️ 🔗 Useful Links 🔗 ⛓️
(see below)
Terraluna
LUNA daily is charting like my prediction?LUNA, Daily Chart: This Chart is standing out to me
currently. DeMark9 Indicator is reading "BUY"
The 100 day ema is support, 50 day ema is first
resistance, and Hull Suite is the 3rd resistance.
Its above the Bull Market support band..
.Rsi is reading Hidden Bullish Divergence. Its Go Time! Look at the
Circled % gains on the right side. UPDATE 4-19-22
Look at LUNA GO! broke the 100 & 50 day ema in 1
move and found 50 day ema as support. Luna
is moving with this chart set up beautifully.
#LUNA #CRYPTOI recommend selling the LUNA coin because it will drop to the price of 51 and then it will be reversed. I recommend buying and selling from 51.
LUNASHORT
Terraform Labs CEO on Advantages of TerraUSD ($UST) Over CentralIn a recent interview, Do Kwon, Co-founder and CEO of Terraform Labs — as well as a director at Luna Foundation Guard (LFG) — talked about the limitations of centralized fiat-backed stablecoins.
Kwon’s comments were made during an interview with Kate Rooney, a technology reporter for CNBC.
According to a report by The Daily Hodl, Kwon said:
“I don’t think that there’s anything wrong, per se, with backing stablecoins in terms of dollars. It’s just that there are some limits to the things that you can do with the use cases of the so-called centralized stablecoins.
“The issue is that if you’re keeping a dollar in the bank account for every unit of stablecoin that’s issued, that stablecoin now has an issuer and an operator. What that means is that you have all the attendant compliance and custodian risks of having an operator and an issuer because, for instance, what happens if the company for some reason goes bankrupt? In that case, everybody that built interesting things on top of that stablecoin is now held hostage to the bankruptcy court…
“Or given that bank deposits are so easy to regulate, I think one of the things that we’ll start to see with centralized stablecoins is that there’s going to be massive compliance creep, which means that over time, you’re going to start to layer on things like KYC requirements and sort of vetting what types of applications can use a stablecoin, which isn’t necessarily appropriate for all use cases.“
Kwon believes that a decentralized stablecoin, such as TerraUSD ($USD), which is not backed by fiat reserves, does not suffer from the aforementioned limitations:
“A decentralized stablecoin, as something that is backed in native cryptocurrency like LUNA or Bitcoin, has the property that there is no issuer, there is no operator because anybody in the world can trade in a dollar’s worth of Bitcoin, can trade in a dollar’s worth of LUNA to issue one TerraUSD. This has the nice property that it makes decentralized finance truly decentralized.“
Terra: Into the Pool 🏊Terra has let go of the orange zone between $140.82 and $118.55 to drop down. Now, it is about to dive into the blue pool between $83.07 and $62.20, where we expect it to do some laps and to complete wave (ii) in blue. Afterwards, Terra should feel chipper and refreshed enough to start climbing upwards. To realize this, though, Terra should not sink below the support at $46.56.
Luna structuresJust an overview of my current theories. We'll see where to next. If the structure stays true to form who knows.
🆓Terra (LUNA) Apr-12 #LUNA $LUNA
LUNA has corrected down a lot from the $120 zone to the $80 zone, which is also the 0.5 Fib level of the uptrend from February to now. So we can buy LUNA at this $80 zone and expect a rally to $110 or even $140. However, it can still fall one more time to the $70 zone to test the MA200 line.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 80$ zone
🔴Buy : 80
🔴Sell : 95 - 110 - 140
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 80$ zone
🔵Sell : 80
🔵Buy : 70 - 60
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
LUNAUSDT Broke Supports - UpdateAs we said before, it lost the dynamic support range of the channel and is losing static support, which is strengthened by the pullback. We expect support up to $ 80 and then $ 72. I emphasize the fall becomes stronger when the pullback is completed.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Trading Signal For LUNAUSDT Terra Trading Setup:
There is a Trading Signal to Sell in LUNAUSDT Terra .
Traders can open their Sell Trades NOW
Rank : ⭐️⭐️
⬇️Sell now or Sell on 112.90
⭕️SL @ 120.90
🔵TP1 @ 98.25
🔵TP2 @ 89.00
🔵TP3 @ 70.65
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments.
LUNA/USDTPERP BINANCE BEARISH POINT OF INTEREST Bearish point of interest was marked, you can refine it to LTF and check for a ltf choch when it reacts on the POI.
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 !
Luna could pull back to my buy zoneLuna at 4 hour time frame shows signs of weakness in the upward move. A pull back to $82-85 is possible in the near term. Based on the recent historical move when Market Cipher gave us a similar exhaustion signal, we could go down as low as $77. I will be looking to sacaling some Luna around $82-85 level.
Luna possible double top scenario.Hello All. Looking at LUNAUSD on the daily timeframe, we see that the price has formed a second peak at around $110. While the price can surge towards new all time highs, it is more likely to see a retracement after a 130% run.
Currently LUNAUSD is inside a rising channel with a resistance sitting at around $115 and the support at around $95.
Stochastic RSi shows a reading above 80, meaning it is overbought and needs a pullback.
My optimistic pullback targets will be the 50 day EMA at around $85, and the fibonacci golden pocket $76-$78.
A technical pullback target and to confirm the double top pattern will be at the major support/neckline at $50. Pullback to 200 day EMA is also very likely.
Thanks for reading, and stay tuned. Enjoy.
Terra LUNAUSDT - Huge ascending channel + Tripple top breakout!- LUNA rank 9 on coinmarketcap.
- We have a massive ascending parallel channel on the daily chart and it's very likely to touch the upper trendline of the channel.
- Currently we can see a tripple top resistance, which usually leads to a great breakout.
- You can sell LUNA at the top of the channel on logarithmic scale.
Luna price action currently above cup and handle rimline.Of course it could dip back below it like many cup and handles tend to do after the first initial break above the rimline..but for now it’s testing that line as support and once it verifies the breakout it should make more than 50% gains from here. No breakout confirmed just yet but seems likely in the near future. *not financial advice*
LUNA 🌒📈 bullish patternOnce LUNA breaks long term resistance point highlighted @107, we will enter price discovery and make new higher highs, ATH!!
Great project with their UST stable coin backed by Bitcoin.