LUNCUSDT trade ideas
LUNC taking a break - time to go for a walk! (New entry idea)Here's a quick look at the 2 hr. LUNC chart. As we can see, the price has been forming a bigger falling wedge.
The best entry would be when the price breaks above 0.000315$ with a good amount of volume .
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The idea is: Buy when the price breaks above 0.000315$ and take profits at the levels shown in the chart.
Targets:
1. 0.00034$
2. 0.00038$
3. 0.00043$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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LUNC went on a wild ride last week. Could it go higher?Well...that was fun albeit unexpected. A few people had a hunch that it would rise but not this much. I hope everyone took their short term profits.
My first analysis was in the "previous buy spot" in a very heavy range zone. This rise in momentum is not only good for LUNC community, but also for crypto in general. It might put a bit more faith the Terra community. However, many people are under the fair assumption that this is a rug pull. If you look at the past few days we can see that LUNC and USDT are almost completely inverse with the rest of the crypto market; Terra goes up, everything else goes down. Whether there is something noteworthy there, I'm not sure.
My initial buy spot was in the 0.00021 (thereabouts) region before we had a massive rally by over 140%. Of course, let's be realistic, I definitely did not take profits at the very top. I took partial profits at the second "TP" (circled). And I am still in LUNC. But for now, what should we be looking for.
LUNC is undergoing a massive retracement which is not only obvious but also predictable. The bulls are taking their profits and leaving it the hands of bears to consolidate the price to a slight downtrend. In this time there are several buying areas that everyone is looking at: The first or second areas of support, a retracement to the previous Range Zone, or a touch of the 200 SMA. Because of all of these factors I think this is a no go zone. Stay well away for the time being and wait for price to turn.
There is always an opportunity.
Golden signal (LUNC) in one hour time frameAs you can see in the chart above, Luna Classic has formed a cup and handle pattern in the 1-hour time frame, and if the candles return from above and do not reach the point of loss and can break the red line downwards, Luna Classic can reach the target. The specified values will decrease.
Thanks
We are waiting for your comments.
LuncUSDT Binance ChartThe price performance of the Terra Classic (LUNC) has been impeccable this month. However, Terra Classic has been declining after surging. The LUNC price at this writing was $0.0003386, after declining 8% in the past 24 hours.
Crypto experts predicted that Terra Classic might slip more this week by about 20%, which means LUNC might end the week at below $0.00027088.
Descending Wedge - LUNC/USDT- 4h KucoinPotential "descending wedge" or "bull flag" on the 4h for Terra Luna Classic (USDT).
Bullish divergence on the Stoch RSI + nearing oversold. Same on MACD 4h. Oversold on the daily Stoch RSI.
Probably good to wait for price action above the upper bounds of the pattern.
Manage your own risk appropriately (stop losses).
If it breaks this suggested pattern and falls to the downside, I would expect price approx. <= 0.00016000, as that area was never really retested.
NFA.
LUNC: NEW INCREASE: BREAKOUT 40%Since the last update and the expected breakdown, is this a technical good point for the return and recovery of LUNC.
It's possible that LUNC can do a new 40% increase and we will follow it to see what coming time will be done LUNC.
The expected target can be 40% but lower is also possible.
This is the before idea did play out with breakdown expecting: (and it seems LUNC are going out of breakdown)
There is no guaranty into trading, and this is not a trading advice.
Same time with no risk management trading end into losses.
TERR LUNA CLASSIC LOOKING BAD SHORT TERM! PAGODA EFFECT!LUNA looks like it has completed the head and shoulders pattern I spoke about in my last chart and has broken below the neckline of this massive pagoda. This is not good and it can bring Luna down hard to possible lower lows if the drop is extended. I am seeing a correction to at least the .00012 area on a measured move of the cup and handle on the lower degree of trend. The higher degree of trend head and shoulders where the Pagoda was completed and is now trading below would give a measured move of about .00003 which is a real ball buster and I hope it does not play out. The thing with the pagodas is that if the lower degree of trend head and shoulders that form within the pagoda all play out and complete, the chances of the larger degree of trend head and shoulders to play out is lowered. Still possible but lowered.
So here is something else I found. Bitcoin back in February/March of 2020 had this exact pattern almost and I saw the pagoda forming but thought that because the other smaller head and shoulders played out that we wouldn't see the huge drop. I was wrong and Bitcoin went from almost $9000 down to $3700, which was an even greater correction than the measured move. The measured move was only down to about $5000. The measured move is at least where its going, most times measured moves are extended when fear and uncertainty is high, which is exactly what we have now. So LUNA could possibly go to lower lows on this drop if the larger degree of trend head and shoulders plays out. The break has already happened below the neckline, and we are failing miserably trying to get back above it. It looks like its going for one more touch now and if it cant break the neckline resistance then I will be selling, and putting a buy order in around .00013 for the bounce and determine from there whether we are headed lower or if we are recovering. I also want to say that if we do drop significantly, we will probably have a super fast recovery, probably V shaped, kinda like Bitcoin did in 2020.
INVALIDATION: If Luna can rally and close about .00033 on at least a 1 hour preferably a 4 hour then I believe that the correction wont be as steep and a target of about .00014 could be the bottom of the current correction, before moving back up.
Also today there was an arrest warrant put out for Do Kwon, this is confirmed by multiple reputable news sources. This shouldn't be bearish for Luna classic but it causes fear and people sell. Most haven't seen this news yet also it just came out a little while ago from posting this chart, just saying. This is just my perspective and my opinion, this is not financial or trading advice. Thank you all for the support and hit that like and follow me for constant updates.
I will be posting a chart right after this one comparing Bitcoin's Pagoda AKA Rona Dump, in Feb/March 2020 to this one. The fractal is very similar almost exact. Im not getting shook out of LUNA, I am selling now and then re-buying at lower levels and doubling my holdings.
parabolic move if it can break trend resistance 💯🚀🥶drop boost n follow if you enjoy my LUNC charts 💙 thanks
as expected, we saw more downside impulse after extreme trend support, but quickly recovering as well (we predicted that too ;) hehe.
now what? well its at the trend resistance again and still in local downtrend, break of trend and .0004 will lead to some parabolic rally in LUNC.
rejection here and break of .000342 is bad news for longs, we can expect short term downtrend to continue if this happens.
goodluck lunc holders! see you soon with more updates. stay safe 🚀
TERRA LUNA CLASSIC LUNC IF MERGE GOES WELL THEN TARGET IS $.0025LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash of the whole crypto market will happen, not just Luna. I don't think that is the case and I believe this correction was just a little breather to refuel for the next run to $.002, and the ETH merge will go just fine.
As I mentioned before I really do believe that all the projects and companies that went to Luna 2.0 will move back to Luna classic, its already happening. Then once Do Kwon (Con) is prosecuted and jailed his Luna 2.0 will rot in prison with him. No one wants to do business with a thief, so all those projects running on Luna 2 will move to Luna Classic in support of the community. The burns will really take off then I believe. This is just my speculation on how things will play out. I called the massive drop in Luna when it was at $70 dollars before its all time high, I also called the previous local top around .0006 in a previous chart as well Ill link my charts below.
This is not financial advice this is just my opinion. If you like this idea then leave me a like and comment below with your thoughts. Thank you
ON THIS ONE I WAS OFF ON THE TOP, BECAUSE OF THE BLOW OFF HYPE TRAIN THAT WAS CREATED, BUT THE CORRECTION I WAS SURE OF
LUNC to a forkHello Traders, here is the full analysis for the Crypto Luna Classic, LUNC, let me know in the comment section below if you have any questions.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.