LUNC/USDT in deep trouble! Will Bulls Jump-in?The crypto markets have yet again fallen under the bearish influence as the larger tokens have squeezing out their profits after remaining inflated for the past few days. Meanwhile, the TerraClassic (LUNC) price is no exception as the current trade set up indicates either the token is extending its consolidation or ready to dive deep soon.
LUNC price has been trading within a bearish triangle from quiet a long time but after the price rebounded from the support, a ray of hope of a bullish breakout flashed. However, the fresh sell-off challenged the bulls, compelling the price to plunge and head towards the lower support zone.
The token now may either drop down to trade within the support zone, hit the last point of defence at $0.0000868 and reclaim the levels beyond $0.0001 again. Else the more likely outcome could be an extended consolidation just below the pivotal resistance at $0.000155 for a while, until the bulls strengthen their grip and rise beyond the resistance.
LUNCUSDT trade ideas
LUNC COUPLE OF MOVEMENTS! THEN WHAT ?!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
WHAT IS MY TRADING PLAN FOR LUNC!
As we clearly see price Is still overall bearish
In addition, price is trading inside this falling channel, and we are now in a correction movement
For the bears to kick in with another bearish movement we need a new swing low around the trendline then a break
Then a further movement lower would be expected, where we will be searching for new longs as the price will be approaching our lower massive support zone
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
๐ฅ LUNC Short-term Uptrend ConfirmedLUNC has recently found support around the $0.000138 area, right on the bottom diagonal support line.
In my view, it's likely that LUNC will continue to go up in the near term, first target at $0.00016. Second target would be the top dotted resistance line. This resistance has held for several months now, so I'm expecting heavy selling around that area.
last chart of the year?! lets go, see you all in 2023 ๐๐drop boost and follow to show your support/if you enjoyed my charts this year ๐ฏ
shout out to the people who are here since 100 follows, 1000 or even if you followed today.. you are all freaking legends! love you all and hope we can kill it in 2023 ๐
LUNC saw nice break past long triggers mentioned in last analysis, now using previous resistance as support? watch for bounce here and break of local trend resistance for bullish impulse ๐ข
this can lead to nice bull rally in early 2023, good luck guys. as always.. I will see you soon with more.. xoxo ๐
LUNA wave counter UpdateI hope you are fine
This is the second update of the Luna Classic wave counter on the big time frame.
A problem that exists among market traders is the problem of level recognition.
The previous analysis was a view of long term Luna Classic.
A recent rise has been formed, which many traders believe has violated the previous wave count, but note that the time frame is large and this analysis is long term.
During the formation of this pattern, we can see many upward or downward fluctuations.
I think that this pump that was done on Luna is red line for pullback and also the diametric scenario of wave c can be correct.
LUNCUSDT CRABCrab
The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specificย Fibonacciย measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
Likes and comments if you have questions! ๐
Thanks!
lunc short setupHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LUNC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Lunc trendlineLunc strong on downtrend bounced from trendline 3x and now it broke triangle and can go to 0.00014-0.00015 what is again resist / trendline.
If this 4. attempt on this trendline will break it, above 0.00015 we can see next TA targets
TP1 0.00018
TP2 0.00023-0.00025
TP3 0.00030
TP4 final trendline 0.00035-0.00040
0.00040 is our final target if this trendline will break , above 0.00040 we will test our previous high 0.00060 and above we can go finaly to 0.001