LUNCUSDT trade ideas
LUNCUSDT just finished the bottom bounce Launch TimeLUNCUSDT just finished the bottom bounce. Typically a move from distribution into accumulation looks like a drop that consolidates then bounces and consolidates higher than its baseline....(which is the push down in the middle of consolidation prior to distribution) Then after consolidation high it drops again to manipulate under the baseline to break stop losses and absorb more of the float. Then a move back to the high after the absorption which is shown on chart with Volume stating over the last 6 candles there was 38billion in volume....on the last candle there was 34 billion by its self. this is a signal of absorption is complete and now it consolidates high again just below the area it couldnt pass before. Then when its ready to break through it will drop back down to break the line it created moving up which everyone thinks is safe to place their stop losses... It breaks this line to absorb the last remaining part of the float it needs to break through the area it has not been able to get through.
The reason its been in this area so long is because it has been doing this pattern on every time line and its been waiting for each one to complete this move. Now that we are at this point it can start its move for profits..... Lets hope it takes just as long on this stage as it did on the previous.... smh
by iCantw84it
10.31.22
LUNAC Breakout Structures This is the hourly chart for Luna Classic
Price briefly dips below the horizontal support just to rise up form a flag and continue a large run
This has been seen in the earlier green rectangle and can be seen to be dipping below the horizontal in the current green rectangle
Very Bullish
I believe we are in a disbelief phase for cryptocurrency.
LUNCUSDT | Time for Wave 5?Back in August 2022 the local .786 Fib retracement level proved to be an important one, as LUNC bounced significantly higher. Now, LUNC has reached another local .786 retracement level. Could it pivot upward here to complete what might be the possible 5th wave in an Elliott impulse?
Will be watching closely and trading appropriately.
Please do your own research. This idea is not to be considered financial advice. May YeHoVaH bless you.
Phase C update on the original accumulation idea It's been a long time coming and I believe we are finally in Phase C. We have hit the bottom of the range, sprung, and we back tested the spring as support. Those are all the markings of Phase C. Next it's time for the composite operator to start a new up trend.
LUNC bulls trying to hold the line! 🥶broke below trend support zone, but used local trend resistance mentioned in last analysis as new support area 🙈
if it can build from that and climb back above trend support/.0002565 then we may just see the mother of all squeezes 🚀
lets see what happens though, good luck! see you soon with more charts ⛄
Terra Classic (LUNC) formed bullish Cypher for upto 88% pumpHi dear friends, hope you are well, and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
On a daily time frame, LUNC has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Terra LUNC showing the classic signsThree phases of a price move is potentially showing in Lunc ... Consolidation (tight price range), followed by manipulation (clearing stops early positions looking for a breakout), finally profit relase usually after a major economic event like this week's Fed rate announcement.
RLinda ! LUNCUSDT-> Are the bulls leading the price? LUNCUSDT on the background of a slight strengthening of the entire cryptocurrency market shows a good result. The price has been forming a downward price channel since early October, which was broken only on the 25th.
We are witnessing a local change of trend and price's transition to a new range, which is directed towards strengthening of the price.
On the daily chart, the price is still trading below the 50-day MA-50 trendline.
The price is gradually growing and forming strong support zones, which it does not consider as its target for a retest
- 0.00018 level
- level 0.000085
- level 0.000045
The price is forming a pre-breakout breakout of the level 0.0002546, which implies a breakout of the resistance if the circumstances are favorable.
We see consolidation and volatility decrease with the growth of the price for a new retest. I expect that the level may be broken through in the near future and we will see a rally on the low timeframes.
Short-term target - resistance at 0.0002989
Medium term target - liquidity zone 0.000335
Next target - 0.000371
Regards R. Linda!
time for some bounce action ⌚☘last chart today, drop boost n follow to show your support! 🙊
currently bouncing from local trend support zone/breaking local downtrend mentioned previous analysis.. start of a new bullish impulse can happen soon.
lets see what happens! goodluck to all, will see you soon with more 💙⛄