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LUNA

Luna still has one more drive to $70 before steep correction!Luna has done phenomenal in this run and we can all agree with that. Its been forming a large rising wedge and indicators are showing a pretty sizable correction back down to single digits after the peak at $70 near the apex of the wedge. The Elliot wave is almost complete as well, we are in the final stages of the fifth wave which woulds bring LUNA to around $70 dollars before it corrects. A massive, fast and steep correction will occur after the top at $70 dollars so dont forget to take profits. Not financial advice, happy trading, let me know what you think. Good luck!
LLong
by Bitgolder
11
LUNAUSDT - What about LUNA? - Mid-term targetHi to all TV people, this is my LUNA idea. Like most of you know, LUNC and LUNA are historically related since last year. But how deep is this correlation? Long story short: 1) Lunc is the ex Luna token, the one plunged from 120$ to sub 0$ . There were a relation with UST (now USTC), terra stablecoin. UST started the de-peg from original price of 1$ due to 85 million UST being swapped to USDC. Then LUNA started printing tokens to re-peg UST, but death circle started and whales started selling more UST (most losing money), causing a lost of value on LUNA. Also LUNA tokens were sold by holders in loss. The Terra blockchain was halted for the first time in his history on May 12, 2022, at block height 7603700 to stop the infinite token printing. Everything happened in just few days. 2) May 28, 2022 a new Luna (Luna2) was launched as post hard-fork token. Do you remember some other hard fork token? I'll tell you: ETH and ETC. I won't go further because I'm doing a technical analysis, not fundamental. All of this to get to the point: Lunc and Luna aren't the same token, most of charts from exchanges are showing wrong history price. So this LUNA2 token price starts officially from 1$. Now, we have this accumulation stage, with the falling wedge that Luna already broke out. The first, measured, target price is around 2.5$. Should you trade it with high leverage? Answer is NO . Yestarday dumped from 1.22$ to sub 0.9$ (depends from the exchange) in matter of minutes. Then, after some time of consolidation, or maybe less, next target would be somewhere between 4 and 4.5$. LUNC and LUNA are bonded by history and price action. So I expect more gains from here as Lunc did in the past week. This is my view, not a financial advice. Always DYOR.
Long
by ShadowPlayer
🔥 LUNA Revenge: Back To Former GloryLet me preface that this trade is very risky and not likely to hit it's target. Risk=reward. You can potentially 126x your entry amount, so compare it with a lottery ticket. LUNA has broken out of a 1.5 year bearish channel pattern, which dominated the trend after the collapse back in May of 2022. This trade is based on the idea that LUNA will, miraculously, go back to it's former highs by the power of short-squeezes and memes. Wait for the price to reach above 1.3$ to confirm a longer-term trend shift. Stop below the recent swing-low.
Long
by FieryTrading
14
LUNA is bullishA bullish pattern is formed on the chart from the place where "Start" is inserted on the chart. Wave A of this pattern is a diametric and wave B is a triangle. It now seems to have entered a bullish wave C, it is expected to pump to the supply side or even beyond while maintaining the green range. Closing a daily candle below the invalidation level will violate the analysis 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
Long
by behdark
Can LUNC Token Burn Program Lead to Price Surge?The price of Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been a cause of worry for investors ever since it dropped significantly from its peak of $119 in April 2022. Recent developments, such as the ongoing token burn program and the upcoming Bitcoin halving event, have sparked discussions about the potential of LUNC price rising once again. Currently, Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) is trading at around $0.0001563, with a market capitalization of $896.32 million. Despite the prevailing bearish sentiment, the Fear & Greed Index stands at 85, indicating that investors are extremely greedy. Although past performance may not always predict future outcomes, we have identified three developments that could potentially cause Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) price to rise to $0.01 after the anticipated Bitcoin halving event. 1. Token Burn Program Gains Traction: The continuous token burn program led by the Terra Classic community to decrease supply and potentially enhance the value of remaining tokens is a significant factor influencing LUNC’s path. The initiative aims to positively shape LUNC’s value by burning over 100 billion LUNC, with Binance contributing over 51% of the burn. The upcoming burning event on March 1, 2024, highlights the community’s commitment to this program. Analysts stress that external market dynamics heavily influence price movements, making long-term forecasts challenging, despite past burns having shown temporary price spikes. 2. Proposal 12073 Approved: Potential Impact on USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC : The recent approval of Proposal 12073 permits the burning of 800 million USTC from the Risk Harbor multisig wallet, potentially affecting both USTC and LUNC. Following approval, USTC saw a 25% price surge. While a direct link between USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC isn’t guaranteed, a thriving USTC could indirectly benefit $LUNC. Nevertheless, experts advise caution due to uncertainties surrounding this proposal’s long-term implications on LUNC’s price. 3. Bitcoin Halving: Potential Market Catalyst: The upcoming Bitcoin halving in 2024 is a crucial event known to impact the broader cryptocurrency market. As Bitcoin supply decreases, scarcity typically drives its price higher, historically benefiting other cryptocurrencies like LUNC.
Long
by DEXWireNews
LUNC Luna Classic Is About To DieA lot of these tokens in the next couple years are going to bleed out to zero. With the new Bitcoin ETFs and big money in the space they arent buying Luna, or BNB, or name your coin. They are buying what regulators have allowed them to buy. So far thats only Bitcoin,Ethereum, Litecoin, and Bitcoin Cash. This next bullrun will be utility, and regulatory based for the big players. People holding these tokens like LUNC are going to eventually dump. Luna will never go to even a penny never mind a dollar. Its looking extremely bearish to me. Maybe one more dead cat bounce before Luna falls into the shadow realms. LUNA wont be the only one suffering this fate either. This next bullrun and after is going to delete most of the crap out there. You'll always have the casino where people play hot potato with the meme coins that come out every minute of the day. Real money is not going into this stuff though. Good luck and I wish you all the best, hate to see LUNA get rugged a second time, that would be some serious salt in the wounds. Not financial advice. Descending triangle and Stoch RSI pointed straight down.
KRAKEN:LUNAUSDShort
by Bitgolder
9
LUNA in Coming Days.Hi. COINEX:LUNAUSDT 😊Today, I want to analyze LUNA for you in a 4h time frame so that we can have a short-term view of LUNA regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts). LUNA is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1