UPDATE: LUNA UP 50% after bullish signal Please Like or Follow if you enjoyed this content.
UPDATE: The price jumped 50+% after bullish Supertrend Ninja signal. Combining this with the indicator Heikin Ashi Trailing Stoploss activition proves to be worth it again.
In the chart I am using the Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Thank you for reading.
Namasté
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
LUNAUSD
Luna can drop to $70. Here is why.Hello All. Looking at Luna on the daily timeframe, we can see that we have broke bearish out of our rising wedge pattern. The price target for this pattern with its measured move has already reached, however I believe there is more downside action to anticipate.
If we use our Fibonacci retracemant tool on the daily timeframe, and draw it from swing low to swing high, we will get our diamond pocket levels sitting at around $70. Besides using only this tool we can also use our 50 day EMA, which also sits at around $70.
Moreover, the third indicator supporting this price target is our long ascending line of support (yellow dotted line) which corresponds with both, the 50 EMA and the fibonacci golden pocket, and sits again right at $70. This will be a 20% move towards the downside.
I believe for the short term and for the healthy trend of Luna, this correction is imminent. It is only a good thing to see this sort of corrections when any crypto establishes ATH's.
Thanks for reading, and stay tuned. Happy Holidays. Enjoy!
Luna Fair Parabolic PriceHello everyone,
Beautiful isn't it. This chart was done somewhere during July to August and has been just used to chart the nice parabolic action ever since. There are no words needed, we trade the chart, the prices tell us what to do. This is LUNA, an apex asset like never before, UST minting and adoption, together with Luna burning, buying and staking, is what is leading it to its current price. Like I mentioned before, I used the chart mainly to track parabolic growth, and LUNA is finally in gear and shape.
Right now we are in the 2nd Standard Deviation Channel of the parabolic movement. Technically the red center line would represent fair price of LUNA (in my opinion), and for now we are at the upper range/resistance of the 2nd SD channel. It would be good to see LUNA breakout to the 3rd SD channel and then you could buy on a retest.
Targets
84 as a retest play of the 2nd SD range channel with a target of ATH or 100
78-83 as an add zone (Retest of old ATH, resistance to support)
68-70 as a buying off the rebound of the 1st SD range which is a strong support (albeit broken in the choppiness in the past month)
I would see 68-70 as the most opportune buy, probably due to market condition and fear and capitulation due to an expected closure of positions on 29th-30th December by portfolios big and small to restart the new year fresh + it is also in line with the astrology signs (I'm not a believer, I attribute the PA to institutional positioning that happens on the same day and its for you all who follow and believe)
Upside
UST pairing just listed on Huobi and Binance with Astroport going live + Mars going live end Jan. Cosmos and Evmos, MIM along with Rune mainnet launch are 2 networks which could get UST minter to print. This might trigger the rouge white swan and send it to 120-150 depending on the burn amount.
Twitter matching Eth 2017 and Luna 2021 action puts LUNA end TP at 350-500 for this cycle.
Hope this helps your trading plan especially for the month ahead in DCA-ing, and the longer term vision. Merry Christmas!
LUNA Bullish formations emerging. 2022 outlook.I have posted a LUNAUSD analysis earlier this month (Dec 02) but due to the latest market volatility, it is a good time to update it:
As you see that pattern above played out almost exactly as planned as the price initially broke out then pulled-back to the 1.0 Fib and rallied strongly above $100.00 up until the last few days. The obvious dominant pattern is the (green) Channel Up, which currently uses the 1D MA50 (blue trend-line) - 1D MA100 (green trend-line) zone as its Support. However I see the potential for a diverging Channel Up (black lines) if LUNA finds support around the current levels today or tomorrow. The main reason for this emergence is the 1D CCI indicator which being on a Double Top (red arrows) while supported on Higher Lows, resembles the diverging Channels of June - July 2021 and November - December 2020, both of which initiated strong rallies once the broke upwards.
As shown on the chart, Terra targets the +0.5 Fibonacci intervals and when it breaks them, it later tests them as Supports. The 1.5 Fib extension has already been tested as Support so the next target is technically the 2.0 Fib ext (roughly $148.00) followed by the 2.5 (roughly $373.00). My thesis is that it is not late to invest in LUNA.
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Luna moving in a Rising wedge pattern* Luna in 3H time frame is moving within a Rising wedge pattern.
* Rising wedge occurs when the price moves between two ascending trendlines forming higher-highs and higher-lows.
* If the price bounces from it's support zone ( around $84 ) it will regain the $101 levels. If price moves below the support zone we can expect a drop till $75.
LUNA Terra: 4H Chart UpdateHello friends, today you can review the technical analysis idea on a 4H linear scale chart for Terra (LUNAUSD).
The chart is self-explanatory. Terra price has been moving up an Arc trend line and has been moving parabolic recently. If the price falls, it may go back down to the 0.382 Fibonacci Retracement area which is in confluence with the major Support and Resistance Line. Volume is healthy currently.
In the related ideas below I discuss the Total Crypto Market Cap and Bitcoin trendlines, EMA Ribbons and 200 SMA. Please review those as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
LUNA Retracement LONGAfter an extended rally, we expect retracement of LUNA down to the lower support zones around 77.85 to 72 areas, where we look to BUY or LONG.
This rebigion is also the confluence of the 0.5 Fib level + previous resistance flipped to support @ 76.5 + 200 EMA.
The overlap of these zones will likely give strong support for REBOUND from here.
Buy zone : 72 - 77
SL 64.6
TP 103.2 (ATH)
LUNAUSDT Buy the dip?LUNA began it's decline 16 hours before BTC and ETH started to drop yesterday, and the rest of the cryptomarket has largely followed suit since.
We often see the market leaders be the first and fastest to drop during market correction, and those leaders tend to correct again faster than the broader market.
We see RSI divergence in LUNA on the 30m chart and a perfect bounce of the 0.786 Fib level. A break above the 0.5 Fib level would be a good indication that price is headed back up to recent highs, while a further drop would set up for a long entry at the support level around 85.
This is not financial advise, you a responsible for your own trading decisions.
Please like, follow and drop a comment below to let me know what you think will happen!
Bullish 3 Line Strike at PCZ of Bearish ABCD on the Daily TFWe have Bearish Divergence on both the MACD and RSI. I previously pointed out this ABCD on a different chart but today we got one of the most Bearish Daily Candlestick Pattern Confirmations that we could ask for at these levels and it is in the form of a Bullish 3 Line Strike and are Diverging on Both indicators.
I will have stops above the terminal bar's high and will add to the shorts if it makes a retrace towards the highs again and i will target the C level at around $50 for profit taking.
LUNA/USD - Don't be a noob and FOMO. Trade like a PRO! Any half decent trader would have secured profits when Luna hit $100. If you did not do that yet, well... what are you doing then?
Unless you are in for the long haul, not taking profits here on this chart is a big opportunity cost as LUNA is more likely to drop to $77 before going to $500.
Why is the chart bearish, here are fact-based, objective reasons that are based on HARD data:
1. Most obvious, $100 is a key ROUND psychological level. Such levels have always acted as key resistance/support levels.
2. Volume has dropped, hard. Last time volume was this low was in November, before the pump. This is a clear warning sign.
3. Massive bearish divergence on RSI on daily, weekly. Plus daily RSI as shown on this chart is already falling down... not good.
4. Bearish divergence on daily MACD histogram. Histogram making lower highs. No bearish cross on the moving averages yet though.
What does this tell me? Loss of momentum is confirmed. Do you FOMO when a coin is weak or when it is strong? Do you FOMO when price is under resistance or when it is above support?
Do you buy high and sell low? No. You buy support and sell resistance.
The best trade now is to sell Luna and wait for support to re-enter.
Yes, Luna's fundamentals are strong and will likely push Luna much higher, but not right now.
Don't forget we deal in probabilities, anything can happen, but you should keep odds on your side. Only if $100 turns into support, should you consider an entry at such price levels. Not the case now.
Like and follow if you liked my idea!
DYOD NFA
LUNA/BTC ASCENDING TRIANGLE BREAKOUT LUNABTC ASCENDING TRIANGLE BREAKOUT
An ascending triangle is a chart pattern used in technical analysis.
It is created by price moves that allow for a horizontal line to be drawn along the swing highs,
and a rising trendline to be drawn along the swing lows.
The two lines form a triangle. Traders often watch for breakouts from triangle patterns
LUNAUSDT Analysis, Dec 24This is my view of Luna, it is so risky here !
This place is probably the end of wave 5th according to several factors then ABC will begin
The trend has weakened
Buying here means buying the actual top
LUNA CUP AND HANDLE PLAYING OUT
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
Luna will be 3 digits soon..
A little help please..will Luna history repeat itself?Im still an amateur when it comes to TA unfortunately, so I wanted to ask you guys and girls what you think?
After LUNA reached ATH of 78$ it made a mild correction, two new attempts on ATH and then a slightly steeper correction.
So far, after reaching new ATH of 98$ it seems to make the same move (purple rectangle). You think the green rectangle will repeat itself too, with a correction to Fib. 0.236?
Thanks a lot for your input!
LUNA need some rest Before new highsthe LUNA Price Momentum is very Bullish (Still!)
However, there is a slight divergence and it seems that some people have sold their LUNA and are waiting for a price correction
It is also at the top of its ascending channel, and a correction can increase its power for subsequent ascents
But I don't think it will drop much and it might just be Sideway for a while and form the Flag pattern ..
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Ebbs, Flows and Tides 🌖
🌊🌊
Ebbs Wave Theory suggests that along with market recognition recently picking up across social platforms and new wallet uptake has increased. That luna tends to hard follow trends of the market however encapsulated in its own ebbs and wave theory. I confirmed this with a 1000 LUNA long @ $5.27 expecting to cash out at $70-$90 following the previous highs of $30. If it shows to follow Ebbs wave theory my advise is to look only for a long after a long overdue correction. I wouldnt go against UST and its demand right now.
O Luna O Luna
LUNA at PCZ of Bearish ABCDLooking for Pullback Back to C at around the $55 level. We also may soon Bearishly Diverge on the RSI, once we start curling down it will be confirmed Divergence.
Short LUNAUSDLUNA is currently in good price to short.
All the other cryptos are falling and I bet LUNA will drop even stronger.
[UPDATE LUNA] At this point 300$ seems inevitable for LunaSimple model based on July prediction. LUNA is unstoppable and any technical analysis is at this point not relevant. I see this scenario though.
LUNA ~ USD my another analyze. No matter for me just i wanna analyze. Draw something. i didn't say follow me, its not signal
LUNA Takes a Seat at the Top Ten Cryptos by Market CapWhile Bitcoin and Ethereum are trading only slightly higher on the week (less than 1% in BTC and less than 4% in ETH), Terra (LUNA) has exploded in value as more value gets locked in the fastest-growing defi ecosystem. This growth to the upside started at the end of September when Luna’s Columbus-5 improvement protocol was established. This upgrade made the young crypto deflationary by making it necessary to burn Luna tokens in order to mint TerraUSD. So as the TerraUSD stable coin grows in popularity, the amount of Luna tokens available is decreased. Luna hit an all-time high today at $82 (according to Bitfinex) and has taken the number two seat in terms of TVL (total value locked). Terra currently has US$17.1 billion in TVL, up over 38% from a week earlier, giving them a 7.1% share of the entire decentralized finance sector. Over the weekend, it overtook BSC (Binance Smart Chain) to take the number two spot. The number one spot belongs to Ethereum at around $150 billion in TVL. Luna has had an increase of over 50% in the last week. Luna has gained value every day during a week that held sideways to slightly higher action for most cryptos. Today marks the seventh consecutive higher close for this stable coin starling. Although we may see profit-taking in the days after hitting its new record high, the upward trajectory in the medium term is probable as traders rush to get into the next booming up and comer in the crypto space.