UST Mcap (demand) continue to grow and Luna climbsLFG.org has released the third and final announcement regarding marketing, development grants/funding, and UST reserves. The one billion dollar investment in Bitcoin to serve as a back stop to UST comes at just the right time to support a general risk on mood after the February pull back.
Technically Luna has looked solid during the past few weeks. Finally breaking out to what I consider the bottom of its likely target range ~$73-$89.
LUNAUSD
Luna headed to last point of supply?Here's a quick suggestion of Wyckoff distribution schematic applied to Luna. We have recently left the range we'd been trading in this month in a strong upthrust, but while some people are shouting "hey look we've just broken the descending trend line so we're mooning!", on my side I don't think this means anything really. Rather, I'm seeing the current rally as a potential last point of supply in the phase D of distribution, as long as the current run up does not extend much further up in the 70's near the previous LPSYs. The only thing that is making me doubt that we're at an LPSY is the high volume in this run up. If it is indeed phase D's last LPSY, the price should quickly get rejected in the next couple of days, back into the previous blue range before starting phase E and breaking below $50 for good. I am by no means an experienced Wyckoffian analyst, so I would appreciate your opinion on that.
LUNA: Important ZonesLUNA is approaching two important zones of support to watch for possible entries. A bounce off of support zone #1 would need to contest that main downward trend line as resistance. If it breaks that resistance, then that would be a good sign for a reversal coming.
If support zone #1 breaks down, then LUNA could head toward $40. This would likely only happen if BTC falls to $30K or lower.
This is not financial advice. These are just my ideas and opinions.
Luna - $62.4 TargetiH&S points to $62
- Declining volume with spiked increase at breakout / right shoulder/$53.
- Depth of head on 31st Jan final target just north of $62. Target inline with resistance.
One of the cleanest setups in the ALT block coming to a close - possible short option.
B, HF
Final Leg
Next couple of days LUNA could reach $49Hi community,
Luna today hit a heavy resistance point at $64. It looks like it’s moving along the white line I have drawn in this chart.
Possible to go from $59 > $55, $55 > $57, $57 > $49 if the current trend continues together with the bear market we are at right now.
LUNA/USD - SEXY Luna approaching RESISTANCE! 🤣Sexy Luna is getting close to the key resistance at $64. Once there, I'd be curious if the price can move up still.
Regardless, to turn bullish on Luna we need the price to move above $79 resistance!
So even if we move into the $70s, Luna would only make a LOWER HIGH.
Hence, be careful, DO NOT FOMO.
Short term, the chart is bullish, look at volume. Long term, we could fall more. So stay vigilant!
Like and follow if you liked my idea.
LUNA critical formationwait of for a breakout and support. Market not decided, but at the moment it is slightly more bullish than bearish.
Don't judge price action by any news, like current geopolitical news. Geopolitically, crypto should be bearish, but crypto is holding out.
RSI has a hidden bearish divergence, but this divergence is near and above 50 which reduces its strength. Hidden divergences can play out later.
LUNA - A Bottom FoundUsing the 1w timeframe, with the PA selected as “line”.
Since the 3rd of January PA created a “V” that thence created a divergence indicating downtrend (labeled “1” on the red trend lines).
Jan 25 is the day LUNA created a bottom “V” which thence created a second divergence indicating continued downtrend (labeled “2” on the red trend lines.
LUNA’s PA ascended to the $55 area and then descend to another low around the $49 area creating a bottom “V” this week Feb 14-21.
It is this new bottom “V” that begins a new trend cycle for LUNA as the previous “v” blocks/negates the 2 previous divergences 1&2. The sRSI is also crossing to an uptrend (indicated by the arrow).
The market is of course predicated on bitcoin movement but two things are evident. Firstly, with this recent bitcoin drop LUNA kinda held on dropping just a bit compared to all other coins and secondly, I believe bitcoin is at or near it bottom trend soon to be uptrend.
Predicting where LUNA is going the near future / next few days is frustrating because of bitcoins volatility right now. However, the big thing here is, LUNA has found the bottom.
My thoughts, not advice Oklah. Cheers
LUNA - what's going on in the chart right now?LUNA is in a trading range between $58 and $47. It is also worth highlighting a very important level - the middle of the trading range.
Recently, the price tried to break through the middle of the trading range. But it ended up as a trap (false breakout), and then the price corrected. At the moment there is no clear entry point. Therefore, it is worth paying attention to levels.
The strategy for levels is breakout and false breakout. A squeeze and breakdown in the middle of the trading range would be a good buying opportunity. Compression and breakdown of the bottom will be a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
LUNA/USD - Can Luna reach $4? Bearish Market Says YES! 😲Here me out. NOT FUD!
If this crash is the start of a new bear market, altcoins can fall between 90% to 95%. Even ETH crashed 94% in the last bear market. From $1,400 to $80...
In such a context can Luna go from $100 to $4? Maybe, but a one digit price could definitely happen, particularly if price falls under the $22 support level.
The support at $22 is CRITICAL. If it falls, people will go MAD.
Potential targets are on the chart, depending on how severe the correction is. Probably $9 is likely if this bear market continues at this rate.
This is NOT FUD. This is your call to PREPARE and have a PLAN. Considering this price action, not having a plan for a bearish market is really misguided.
Buying dips is a BAD idea in a bear market. You need to wait for a clear bottom or at least +90% crash before bringing out the powder. Buying anytime before that is EARLY.
Make your own judgement, but this chart is bearish AF. BTC is bearish, ETH is bearish. Alternatively, close charts and come back a few months later. May be best.
Like and follow if you liked my idea!
LUNA/USDT ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
First I would like to point out that BTC is currently at 40k support. In the lower time frames I expect a little bounce but I would be careful to enter a position in the mid term. SPX is looking for a fall so I expect a rough week for investors.
LUNA is nnnot looking so good in the mid term with weekly charts showing the tarhet of 44$. The coin might go up to 51$ in the short term but I think that's it. Comment what you think.
I did't stream today because of Internet problems. Sorry for the incovenience. Next stream next friday at 15 pm UK time. Next week I will post every day to make up this silly problem. Good luck on your trades
LUNA Rejection on 800 EMA Heading downwardsHi Traders,
This is the 4 Hour char of LUNA USDT. on the first Rectangle box, it has well played the W Formation.
and gave a first HIT to the 800 EMA (Purple Line) but got Rejected from there.
On the second Rectangle box, it tried to break the 800 EMA (Purple Line) but couldn't go above it . This rejection has ended up making a Double top Formation ( M ).
which is a bearish sign. it could possibly move towards the support zones .
Not a Financial Advice
Please comment down your views and Give a thumbs up . if you like it .
Thank you
LUNAUSD H1: 50% gains XABCD BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
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LUNAUSD H1: 50% gains XABCD BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: always do your own due dill.
not financial advice.
🔸 Summary and potential trade setup
::: LUNAUSD 1hour/candle chart review
::: updated/revised outlook
::: still great setup for 80% gains
::: we already got valid reversal
::: at point C / so it's cycle low now
::: speculative XABCD setup in progress
::: BULLS BUY DIPS / BUY from point D
::: from my level TP +50% gains
::: this is BUY/HOLD setup
::: patient traders only
::: not for gamblers
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +50% gains 65 USD
::: details: see chart
::: FINAL TP +50% gains from point D
::: recommended strategy: BUY/HOLD D
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/PUMP/65 USD
::: Sentiment short-term: BEARS/PULLBACK/point D
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (53.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 58.01
TP2= @ 60.68
TP3= @ 65.71
TP4= @ 70.51
TP5= @ 75.98
SL= Break below S2
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💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (53.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 58.01
TP2= @ 60.68
TP3= @ 65.71
TP4= @ 70.51
TP5= @ 75.98
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
LUNA has gathered the energies, which way will she go next?Hi, let's do 4H LUNA / USDT analysis.
At the beginning, it is worth noting that the CHOP indicator has a lot of energy, so we can expect more movement in the coming days, and we also see that on the MACD, the blue line has crossed the red line from below, which could potentially indicate price increases.
Currently, the price is just above the support at $ 53.61, while the next support is at $ 51.93 and $ 49.56.
Looking the other way, we can designate 3 short-term resistance points at the levels: $ 55.02, $ 56.35 and $ 58.25.
💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (53.08).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 54.60
TP2= @ 56.31
TP3= @ 57.71
TP4= @ 58.91
TP5= @ 60.58
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (53.08).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 63.
Take Profits:
TP1= @ 54.60
TP2= @ 56.31
TP3= @ 57.71
TP4= @ 58.91
TP5= @ 60.58
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️