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For reference(PLEASE READ DESCRIPTION) LUNA-USDHello traders and investors!! 👋 I am watching LUNA closely and depicted above are some of my key points..👆📌📈 We recently broke up and out of a descending channel, but I am not convinced just yet, let's see if we bounce down from this possible resistance at the top of our triangle/wedge shape..!🆗↘↗🧐🔺 Just a few days ago there was news that the (80 percent drop in price recently) drop👀🐻 in LUNA token🌚 caused major issues with the price of Terra blockchains PIGCOIN🐷💲 pair (UST,) was down upwards of 11 cents at one point. 😨 PIGCOINS🐷💲, or (stablecoins,) are supposed to stay at a fixed price and not deviate in either direction (think US dollar) TERRA, having a large amount of reserves in their token LUNA, then had to buy up aggressively their LUNA token to fix the drop in UST. This does not go unnoticed and is something to consider before investing in this token short-term. Long term, LUNA is expected to make a recovery but it is always wise to use caution! Thank you so much for considering this chart/analysis of LUNA-USD, I always love your feedback!!!🐶🎉 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set🆗 Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Jazerbay
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by jazerbay
34
TRX (WAIT FOR CONFIRMATION PLEASE)Hello.😃 I am looking to gain support here at current point after we have possibly bounced off of our blue trend line once again. Alternative is that we fall down most likely to the red line on chart (IMO.) This is a short technical approach analysis thank you. BTC dominance in the market is sitting at 41% today, this is very low. This means that money is moving out of BTC but not out of the market. TRX and BTC are very correlational so let's wait before investing in either of these in my opinion. This analysis is for reference in the event that we turn bull market. I would definitely not place a buy order until we see price action hovering more in the 0.136 zone and gaining some support there. Next couple hours is really moment of truth for TRX and BTC let's be patient with this! 🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs and major trend lines etc. I always recommend looking at multiple charts when making a big investment, thank you! Always have a stop loss ✋🛑💲 set Any thoughts 💭💡, questions 🙋‍♀️🙋‍♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome. Jazerbay
by jazerbay
13
Bitcoin is consolidating CRUCIAL AREAWatch this area CLOSELY!!! This is a make or break point for the short term trend for bitcoin! There is a ~60-80% chance of a breakout to the upside here if you factor in the recent CME futures expired yesterday and we have just had a small rally! A break below ~$53,100 could spell a big sell off in the short term that if breaks below 50k would send bitcoin to the upper 40ks (~47-48k) with strong support at 47k. HOWEVER if we break above our very recent rally we could see a test of the LARGER descending triangle that we are looking for a strong breakout from! If we can get above $55800 I definitely expect the next MOON to be on the HORIZON!!!
COINBASE:BTCUSDLong
by ClintgonfromCrypton
Netflix On Your Watchlist ?NETFLIX stocks price is inside a channel ranging with a small volatility, and here are our two possible scenarios: 1- Staying inside the channel: Price goes down, touches the lower trendline and our RRR will be perfect as the stop loss won't be too far. Plus, we will be around an important support zone, decreasing risk on our trade. 2- Going outside the channel from the upper side: After validating the upper trendline, price can be bullish until hitting the resistance zone where short opportunities stand. Attention: Beware of a fake break out. Watch out the NYSE session, follow the global news and Trade Safe Best of Luck Watchers
NASDAQ:NFLXLong
by Therealsmaira