Get started

UST

LUNA/USD Daily Cautiously BearishLUNA/USD Daily cautiously bearish. The entire Terra ecosystem is suffering as LUNA is being minted and UST burnt at a faster rate to reestablish peg -- the timing of this is to be determined. Due to the risk of LUNA potentially falling to its ATL of $0.10, today's recommended ratio is: 5% LUNA, 95% cash. **However, because Price has fallen 99% without break in just 5 days, traders should be vigilant for a significant retracement bounce of some kind**. Price is currently trending down at ~$1 as it approaches a test of the ATL at $0.10; this is an unprecedent drop and has invalidated every single support on the way down. Volume is currently the highest it has ever been (justifiably) and is on track to favor sellers for seven consecutive sessions now. Parabolic SAR flips bullish at $75, this margin is bullish. RSI is currently slightly trending down and printing a new ATL at 14.44. Stochastic remains bearish and is flatlining as it coasts in the bearish autobahn zone at max bottom. MACD remains bearish and is currently trending down to print a new ATL at -16.40. ADX is currently trending up at 29 as Price has nearly retraced its entire Price history this week, this is bearish. If Price is able to find a bottom in today's session, the bounce will likely have it test $4.67 resistance and potentially $13.22 (with the potential to go even higher considering the severity of the downturn). However, if Price continues to fall here, it may fall to $0.10 to retest the ATL. Mental Stop Loss: (two consecutive closes above) $17.55.
L
by dailytaguy
LUNA PONZI PLAYED OUT PERFECTLYThis LUNA chart that I charted back in February speaks for itself. Head & Shoulders target met, Diamond Top pattern hit. BTC dumped November, LUNA went onto pump and make ATH. The fake out is the best I have ever seen as I said in previous post. LET me be clear, I do not follow the news so I did not no what happened with LUNA until my girlfriend told me to check the charts when I was at work. I was not surprised because the charts show you the news before it happens days, weeks, months in advance. One ENTITY and one person making the moves is called a Composite, which makes this a centralised project (centralised finance). I hope this chart shows people to remove emotion and zoom out. NOT FINANCIAL ADVICE.
by Fakeoutking82
5
🔥 LUNA Going To ZERO: A Detailed Explanation On What HappenedIn today’s analysis I want to explain in detail what happened to LUNA and to its stable coin UST. It’s a difficult subject so I’ll do my best to keep it short and simple. UST is an algorithmic stable coin, connected to its native token LUNA. This means that, in order to peg UST to $1 it makes use of algo’s that either sell or buy LUNA to keep it at $1. Example: UST is worth $0,98 USDT. The algorithm will now market-sell LUNA tokens for UST and use said UST to buy USDT on the UST/USDT pair. This means that the value of UST should rise against USDT and therefore defend the peg. This can trigger a massive selling cascade as the algorithm can trade in a circle, constantly making it worse and worse 1) The further away UST is from 1 USDT, more LUNA tokens it has to sell in order to get back to the $1 peg. 2) The more LUNA tokens are being market-sold, the lower the price. 3) The lower the price of LUNA tokens, the more tokens have to be minted (created) and sold in order to buy UST to defend the $1 peg. This creates a waterfall effect on LUNA’s price. And, eventually, can lead to LUNA being worth ZERO, as the algorithm keeps on creating more and more LUNA tokens to sell. See the UST/USDT peg below, this “should” always be 1. To prepare for events like this, the LUNA foundation has bought around 80k BTC to serve as collateral (around one billion dollars). It can lend money to defend the peg further in case of need. However, they have depleted their TOTAL Bitcoin reserves in just two days. This means that they have no other ways to defend the $1 peg, apart from printing more LUNA tokens and selling them. See chart below for the LUNA foundation’s BTC reserves Why has this happened? Simple, some entity saw that this algorithmic peg was going to be a problem and broke the system in order to make HUGE profits. Some entity market-sold billions of dollars’ worth of UST against USDT do destroy the 1:1 ratio and made a bet that the algo would create and sell huge amounts of LUNA tokens and would lead to a massive decline in value, like we have seen over the last three days. A lot of people lost huge sums of wealth, while a couple of entities got very rich by shorting LUNA into the ground. The only way on how fix this waterfall to $0 is to destroy UST and stop the algorithm.
Short
by FieryTrading
39
🌕LUNA: what happened to LUNA and UST? Simple explanation!🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause and what are the possible scenarios for Luna and UST? 🌓The UST stack itself is an algostable and has a $1 price peg mechanism due to the LUNA selling mechanism. There was panic in the market, and as a consequence of the panicked outflow of funds from LUNA, the algorithm was disrupted as the outflow exceeded the inflow of LUNA providing the peg. 🌖Technical Analysis (TA). ✅Global Scenario. I have noted important support zones that can be identified with horizonal volumes: 1. $14,56-18,2 2. $5,20-7,45 🔥These are global support zones where there is enough liquidity for a big player to open long positions. 🔥The fuel for this drop was the traders who accumulated the moon in the area I noted on the chart. Panic selling knocked the altcoin down by 80% from it`s ATH. Short traders could be the fuel for growth. That is how it works. ✅Local Scenario. The local scenario with trendline breakout. The trendline breakout strategy helps me to identify best entry point, so friends if you want to know how to use it, leave a coment and i`ll try to make an educational idea with simple explanation for you. 🚩Let's not forget that Luna has an $18 billion supply and ranks 3rd among companies in accumulated Bitcoin. Biggest disclosed Bitcoin treasuries: 1. MicroStrategy - 125,051 BTC 2. Tesla - 43,200 BTC 3. Terra - 30,727 BTC 🌕Therefore, it is too early to predict a crash of this altcoin, although you can see how many holders got scared and started to sell off the crypto. Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
14
🌔LUNA: is it time to PANIC or time to BUY? Guys, wake up!🎯Hi friends! From the top 7 most capitalized crypto to the top 32 in 2 days! WOW! Is this really the end for LUNA? In this idea, I will share my thoughts on this project and show you some hidden from retail traders point of view. 💹Luna is already droped by 97% from it`s ATH. It`s not something unusual, it`s a common things on crypto market (2017, 2020), but the cryptowinter become much earlier for this altcoin. Here is more opportunities than at any other markets because there is a lot of beginners that scared when it`s time to open a trade and so greedy when it`s time to close a trade. That's why the crypto is so volatile. ✅This could be the biggest scam in cryptocurrency history or the best buying opportunity in months. If you want to buy this altcoin use small % of your capital and open the trade only after your strategy confirmed it. Leverage is very dangerous at this moment because the market is too volatile, so use spot only. As you may know, the UST has lost its peg to the dollar and has already fallen to $0.25 per UST today. Why did the collapse happen again? All of the Bitcoins that were on Luna Foundation's security were withdrawn from major accounts and sold to secure a peg to the dollar, but that dump the price even lower. 📊I marked 2 value zone for LUNA in the recent idea. The second one is a support for the price now. So if you want to get more info about LUNA techical(TA) and fundamnetal analysis, please check it! 🚩Treasury Secretary Janet Yellen at Tuesday’s Senate Banking Committee hearing said that stablecoins present ‘risks to financial stability.’. This message from the government officer is so clear. Maybe it`s time to hold different stablecoins (USDT, BUSD, USDC etc.) on your wallet or exchanges. 🦢Maybe stablecoins BLACK SWAN is coming? Let me know in comment what do you think about this situation on crypto market? Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
26
❗Black Swan by stablecoins. Threat or opportunity for traders?Hi friends! If it heppen to one UST is it heppen to another stablecoins? Next trigger for BTC dump can be caused by stablecoins instability. In this idea i`ll show you some facts about it! 🦢Black Swan. The last Black Swan in all financial markets happened in 2020 because of Covid-19. The crypto market fell by 64%. After the bull market, the Fed Reserve started raising the interest rate, BTC fell by 56%. What if all the stabelcoins are not secured by anything? If previously the fall of cryptocurrencies was caused by global cataclysms, now we can expect the first black swan only for the cryptocurrency market. With a EXTREME fear in the market and panic sales of retail traders, BTC could fall to $22k or lower. 📊Stablecoins by Market Capitalization: 1. Tether (USDT) - $83B 2. USD Coin (USDC) - $48.5B 3. Binance USD (BUSD) - $17.1B 4. Dai (DAI) - $6.9B 5. TerraUSD (UST) - $6.9B Total: $169.4B ❗It`s almost 10% of TOTAL Crypto market Capitalization (169.4/1400). 💱We all know what happened to Luna and UST stabelcoin. US Treasury Secretary Janet Yellen pushes for stablecoin regulation by end of year. Even if the LUNA and UST recover to their previous price, a lot of attention will be focused on other stablecoins as well. On the other hand, this is positive for the crypto market and market players, as crypto security will increase. ✅Friends, if you don`t know what to do when BTC fall by 60-75%, check this idea! I made an educational idea for you when BTC was $39k. It describes 3 ways how you can identify the bottom of the market for BTC and Altcoins! Friends, where will Bitcoin bottom price? $20-22k or lower? Or BTC already find the dip and go to renew ATH? Share your ideas in comments! Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
10
RIP 💀🥀 - From Hero to ZERO A stable coin that was nothing but stable: UST was supposed to be a stable coin fixed (peged) at 1$. It is now worth only 0.38$. Needless to stay that many investors, some of them risk averse with a choice to hold 'stablecoin' and avoid volatility in the market. A disaster for UST, Terra Luna, their investors and the Crypto market all together. Sad... but how did it all happen? How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style: Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵
by FX_Professor
5
LUNA/USDT by CryptoTradersWWThe major issue is how low this can go and whether it can rebound from such a massive sell-off. I've seen some massive drops in Crypto, and Luna is up there with the most memorable. Is it approaching zero? Nobody is aware. Technical levels are one thing we may look at. The price is currently hovering around the Weekly level set about a year ago. This occurred when the UST coin was subjected to FUD, which resulted in a drop a year ago. The dump was not as big as it is now. There isn't much support below the weekly level till beneath $1, according to the market structure. The Terra Foundation is also expected to release a rescue plan soon, which will add to the uncertainty. It's nearly impossible to catch the bottom of a plunge like this; patience is key, and risk management should be prioritized. This dump can be seen in two ways. Trying to catch the lows can either pay out handsomely, or you will lose 99 percent of your money. <----------------------------> ☑️ Follow, Comment & Like ☑️ Create a civil and healty discuss in the comments and share with me your thoughts Thanks and Happy Trading!
by CryptoTradersWW
1
LUNA is Rekt - The How and Why Terra UST was the 3rd biggest stable coin and lost its $1 peg causing LUNA to spiral Once UST lost its peg from $1 to for example $0.50, someone could buy 100 UST for $50 and redeem it for $100 of LUNA and then sell that to USDT — making money on the arbitrage. This essentially is what triggered the Death Spiral for LUNA because the price of LUNA is dropping with the peg, it became race to redeem for LUNA before the value drops below the redemption price The UST peg failed for two main reasons: Curve pool imbalance (On Chain Selling) $350m UST was swapped for USDT using the Curve protocol. This left a disproportionate amount of UST versus other stablecoins in the pool for users to swap against, thus lowering the value of UST "on-chain" Curve is a crucial piece of the DeFi ecosystem, allowing users and dApps to swap stablecoins efficiently. The massive selling of UST on Curve created an imbalance in reserves, leading to the value of UST falling below the peg on the protocol. The remaining portion of UST withdrawn from Anchor protocol was sold on centralized exchanges like Binance driving down the value on those markets as well (Off Chain)
Short
by TrendmasterOfficial
3
LUNA/USD Weekly TA Cautiously BearishLUNA/USD Weekly cautiously bearish. Anchor liquidation event spurs UST peg disruption while recessionary fears hit all risk-on markets -- due to the sheer voracity of the downturn LUNA is now on Bottom Watch. Recommended ratio: 30% LUNA, 70% cash. Price is currently testing the uptrend line from May 2021 at $15.92 support for the first time since July 2021. Volume is now moderate after surging this week and is on track to favor sellers for a third consecutive week. Parabolic SAR flips bullish at the ATH $119.72, this margin is bullish. RSI is currently trending down at 36.46 after breaking down below 45.83 support, the next support is the ATL at 5.87. Stochastic remains bearish and is currently trending down at 10 after breaking down below 32.46 support; the next support is at max bottom. MACD remains bearish and is currently trending down at 3.14 as it tests 3.83 support with no signs of trough formation. ADX is slightly trending down at 34.55 as Price sees massive selling pressure, this is neutral at the moment. If Price is able to defend support at the uptrend line from May 2021 at $15.92 support then the next likely target is a retest of $27.70 resistance (assuming $19.32 resistance is overcome) and potentially higher (the move will likely be a relatively big one considering the significance of the fall and will likely hinge on an announcement of a solution from Do Kwon). However, if Price breaks down below this uptrend line, then the next likely target is a retest of the uptrend line from December 2020 at ~$7 for the first time since January 2021. Mental Stop Loss: (two consecutive closes above) $19.32. **From 05/03/21 to 05/24/21, LUNA dropped 80.51% from ~$20 to ~$4 -- then from 05/24/21 to 04/04/22 LUNA surged 2747% from $4 to $120 -- from 04/04/22 to 05/09/22, LUNA dropped 84% from ~$120 to ~$14 -- then from 05/09/22, what will the story be? Nobody knows, but there's Extreme Fear in the markets... usually that's a good time to be buying.**
L
by dailytaguy
8
LUNA/USD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. BTC is currently testing the uptrend line from April 2017 (and from March 2020 on the weekly) at $30k major support, if it can establish support here it would be net bullish for the rest of crypto. Recommended ratio: 15% LUNA, 85% cash. Price broke down below $34.86 support and is currently testing $23.59 support, which coincides with the descending trendline from December 2021 (last tested in January 2022). Volume is very high as sellers continue to pile on for a sixth consecutive session of dominance. Parabolic SAR flips bullish at $83.82, this margin is very bullish at the moment. RSI remains oversold and is slightly trending down at 17.48 as it approaches a test of the ATL at 15.39. Stochastic remains bearish and is currently on the verge of a bullish crossover at max bottom; however, it may coast down here for some time in the bearish "autobahn zone". MACD remains bearish and is currently forming a new ATL at -7.64 with no signs of trough formation. ADX is currently trending up at 26 as Price continues to fall, this is bearish. If Price is able to defend $23.59 support then the next likely target is a test of $34.86 support-turned-resistance. However, if Price breaks down below $23.59 support, the next likely target is a retest of the uptrend line from January 2021 (~$18) for the first time since May 2021. It should be noted that May 2021 saw a decline in LUNA of 77%, this May LUNA has seen a 64% decline so far. Mental Stop Loss: (two consecutive closes above) $34.86.
L
by dailytaguy
A Potentially Life-Changing Opportunity Most People Will MissToday I'm going to address my perspective on Bitcoin. I see this as a potentially life-changing opportunity for a lot of people, but I also understand that many people will simply overlook this opportunity. I'll talk about the overall macro structure of what I'm seeing for Bitcoin's cycle, the force behind this bearish price action, and the most logical and reasonable approach to the market. This post is not financial advice. This is for educational and entertainment purposes only. Macro-Cycle Chart - Above is the macro cycle chart for bitcoin that I have been referring to for almost a year now. - I've explained this in multiple other posts, but just to reiterate some of the key points: Bitcoin demonstrates diminishing returns and extended cycles due to its tokeneconomics supply structure. - After the halving event takes place, it takes longer and longer for Bitcoin to reach its cycle peak, as demonstrated in the case of 2012 and 2016. - We can also use the fibonacci retracement tool to understand key support and resistance zones. - The 1.618 fibonacci level first acts as support, before Bitcoin marks the cycle top at the 2.272 fibonacci level. - After the cycle ends, it then acts as support, and the price forms a bottom near those levels, where smart money accumulated before the beginning of the next rally. - Applying the same logic to the chart we see today, we have only tested the 1.618 fibonacci level, and are yet to test the 2.272 fibonacci level. - From an elliott wave perspective, I think that one last impulse wave is still a probable structure, despite how dire the situation is. Driver Behind Bearish Price Action - So what's causing Bitcoin to crash so hard? - Recently, bitcoin has been heavily paired to the equities market, which has been hit with the sentiment of fear regarding rate hikes. - Additionally, the Terra ecosystem's crash offered an appealing arbitrage opportunity for traders, incentivizing them to sell, which led to a market crash. - It's important to understand that sentiment is the key driver behind this price action. - Fed rate hikes, contrary to popular opinion, does not have a direct impact in the financial markets (click on the post below) My Thoughts on the Best Course of Action - Personally, I believe selling (or cutting losses for most) at these levels is the most imprudent move one can make. - Have the fundamentals changed? Is Bitcoin not what we used to know anymore? Has the network been hijacked to create more than 21m in supply? - If the answer to the question above is 'no', the investment thesis shouldn't change. - I think $30k is a very appealing region of interest, and I continue to accumulate at these levels. - On a personal level, this gives me vibes of when Bitcoin was at $9k, and Ethereum at $350. Conclusion Eventually people will do what they feel like doing, so I really have no intentions of convincing anyone to buy Bitcoin. But before you press that short button, take a minute to think about exactly why it is that you're shorting. What makes you bearish on the most innovative invention of the 21st century? The simple fact that prices have gone down significantly? I'm looking forward to the next 3-5 years in the crypto space and making decisions today based on it. I'm either overlooking a simple fact that most people (except myself) are aware of, or I'm possibly on a path to making generational wealth. I think I'm leaning more towards the latter. Regardless, I hope this post helps you in adjusting your view of the market to be more objective, so that you can make better decisions today for your well-being in the next few years. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
BNC:BLXLong
by Michael_Wang_Official
7