LUNCUSDT more pump ahead As we said before we are looking for a bullish market here and the pump can easily continue here like the green arrows on the chart.
Notice: resistance should break first then the continuation of the pump is possible.
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LUNCUSDT trade ideas
LUNC - Bull Flag BreakoutAccording to our previous post, we pointed out wither a bull flag or strong rejection at our retest. We got a large pump above our resistance and a 4H close above our bull flag. Therefore, if you are looking to chance a long in case we get the near 80% move to the upside. I would look for your first support zone around 31 (0.618/65) or a retest of our 0.786 (around 3) to retest our old resistance and new support and the rip could truly begin.
Again, LUNC is a very speculative play but based on TA patterns this could be an incredible trade.
LUNC - Both ScenariosBefore the analysis please understand LUNC is a very speculative play and highly risky as it has now become a "meme" coin. Be careful trading assets such as this.
On the left side we see the bullish case scenario. It seems like we are forming a bull flag and the measured move would be a 78% pump upon breakout!!!
On the right side we see a bearish scenario where the resistance we are currently fighting is very strong. If we fall from here we easily have an 8% drop which would be around the 274 level. This is also in confluence with the golden ratio. If we get above this red box and hold above, then the bull flag on the left would become even more powerful.
LUNA CLASSIC > SHIB: The Rise And Fall Of Pump & Dump Sh!tcoinsHello good morning my fellow traders. I show in the chart above how LUNA and SHIB have almost identical chart patterns. Fractals aren't always perfect but when comparing two different pump and dump hype coins then they usually rhyme. All this little news and crap coming out for LUNA is the same type of crap that was coming out when SHIB had reached its peak and began falling. Dont believe me then go to google and type in Shiba Inu and look at the news back in 2021 when Shib topped out. This price manipulation with LUNA so CZ or other big holders can dump their holdings on millionaire dreamers and recoup their losses is disgusting. Please people for the love of god don't fall for this scam that has been happening over and over again in crypto with hundreds upon hundreds of pump and dumps throughout the years, and Ive been in crypto since 2015. They all end the same, a slow bleed out all the way back down to previous lows. When LUNA gets back down to .00004 then sure maybe buy a few and hope for a nice dead cat bounce at some point in the future. For now LUNA has finished its run and has topped out, its on its way back down to where it started this run, and it will take a little while for it to bleed out, especially with how many are staked and how long it takes to un-stake, and how many fools are hodling in hopes of striking it rich. I used to think that LUNA would do something good with all the "fake" positive news it had in the beginning before the run started, but I have since changed my view on it. The supply is just too high, and none of the current burns will bring the supply down for shit, I explain with the math how long it will take to burn 90 percent of LUNA in my previous post, more than 10 years. Also the community has turned into a bunch of obnoxious crybaby thugs trying to force exchanges to burn coins, its a terrible look. Plus UST is still de pegged and never will be pegged again. Algorithmic stable coins are banned anyways. I would put in a short and ride this thing all the way to bottom cause thats where its headed. There is way too many people out there holding way to many LUNA for it to ever go to a dollar. When the majority are saying that a coin will 1000x then it will not do that, it will instead to the opposite. When SHIB holders became millionaires they bought when there wasn't any hype. They weren't screaming 1000x SHIB from he rooftops before it went on its parabolic rise, they bought when no one was talking about it. Then it had its rise and those holders became millionaires. Then once it had its rise, the 1000x SHIB hype started, and millions of people got on board only to be disappointed. The hype period of SHIB was not when millionaires were made, it was instead the end of the massive rally up. The hype was created so there would be enough liquidity so the early early adopters/holders could dump their SHIB and turn their unrealized gains into real profits at the top. Without the hype period at the top in SHIB, none of those holders would have ever become millionaires, simply because there wasn't anyone to buy them regardless of the price before that. Get it now? This is where LUNA is at the moment the massive hype cycle so smart money can dump their bags on the little guy with the dream of becoming a millionaire. Plus it doesn't help that every you tuber and their mother is saying $1 LUNA simply to get clicks, subscribers, and likes, and the majority of those you tubers know exactly what is happening but they are lying to you so you sub to their channel. Most of those youtubers only have a hundred or so dollars invested in LUNA, they said so. If they really believed the crap they are spreading don't you think they would invest as much as they can, or even a few grand? If I truly believed something would 1000x then i would sell everything I own, I would search the cracks in the couches for change, and get a personal loan and go all in. They don't do that because they don't actually believe it, they just want your clicks. People need to wake up from this fantasy world they are living in with this LUNA crap. $1 $.10 or even $.01 will never happen, EVER! LUNA will never be touched by any financial institution or any big money since its crash, unless they plan to pump and dump it for a quick Billion dollars.
CZ of Binance manipulated LUNA just right so he could recoup his almost 2 billion in LUNA losses from the crash. Hes probably made 5x that by now, why do you think hes fine with burning $4 Million dollars in fees every day? Cause hes making hundreds of millions of dollars daily pumping and dumping this thing on your faces. Hes the conductor of this hype train, and hes about to jump off and let the train crash and burn.
I wouldn't be surprised if CZ came out when LUNA bottoms to its previous low and says something to give this thing a dead cat bounce up another 500% and cause a mini hype rally and steal another quick billion from some fresh morons. Anyways thats my rant on all this crap.
This is not trading or financial advice, this is just my opinions and speculations. Thank you and I hope you all have an amazing day.
LUNC consolidation faze before bull craze 😜 🚀⚡last chart of the day from me, please drop a boost and follow to show your support 💛
in my last analysis at .000193 I stated a potential short trap was in play, and I expected a big bounce from trend support. Exactly as predicted, we saw a big pump from our trend support, congrats to lunc longs!
since my last update we saw move from .000193 to .00032, potential for 65.8% return with no leverage or 3290% return with 50x leverage if you played it right.
insane! sometimes I surprise myself, it is great when it happens. im sure your question is what now?
well I think there is 2 scenarios, some small consolidation around these current levels then rally towards .00055.
or we dip to previous trend resistance/that flips to support and that rally continues from there. goodluck traders, see you soon with more charts 💙
Binance to move forward with burning LUNCSo, last night Binance announced that it will move forward with burning LUNC in spot and margin trading. This came as a bit of a surprise to me personally. Initially, when I saw this pump, I had no idea what was going on but now it all makes sense.
But as you can see, this steep rise in price has completely obliterated any ability to technically analyse. I made a $1000 entry in the initial range zone expecting a good boost but there wasn't much there. So, for now, I am still holding on to the coin.
My last analysis worked relavtively well, if not delayed. But now, with this recent announcment, I think buying whenever is a good option.
There's a lot of hype around this coin, albeit much of it being misguided and people hoping for it to reach $1. This hype can be useful though. As long as you are not putting in your rent money expecting quick gains, holding on to this asset for a significant amount of time will be beneficial.