LUNAUSD
Terra Luna -- Is it the start of parabollic rise?Downtrend break (first since May 16) yesterday.
Bullish MACD cross.
Following Double Bottom near 0.00010 support line, there are multiple Bull Flags forming with increasing volume.
Two important twitter posts by Do Kwon today:
1) While the supply of LUNA has been increasing, no new tokens are being minted. It is swap fees entering supply that will stop eventually.
twitter.com
2) He posted official burn address and community has started burning the supply. It is likely the biggest reason for increased volume/strength. It has been heavily shorted and I don't think they covered yet, possibly even doubled down.
twitter.com
If/when token supply becomes fixed, we could see significant appreciation in price but do manage your risk. This is not a financial advice.
no need to gamble $luna, just be patient and waiteveryone dreaming that the project will make an instant come back.
id imagine after such a dump that a bottom will form (and be retested).
ideally we want to see something like this and $0.6 restest where the vpvr sits will be a safe entry (15000% to ATH)
sure the possible gains buying here are higher but also the risk is super high as it could just keep dropping.
LUNABUSD - ElliotJust my idea.
- If rise above 0,00018 (orange wedge ) i think we are on big white elliot 3. wave
- It can be 1 correction between 0,00017 - 0,00023
- Must broke 0,00023 FAST!
- 0,0005 is psychological resistance
Do your OWN analysis
IS THIS THE TIME TO HAVE LUNA BEFORE 27TH ?Luna looks to have some signals for uptrend and this depends on technical analysis - but is this the right moment to buy Luna before 27th ?
This question is very important, and the only answer to this is risk management, even if you buy or not, make sure there is no more loss than it should.
We will follow Luna to see if this is the point that can start to make luna into a small backend for low-range trading.
this update is not trading advice, trade only with a plan, and let's see or this will be a start that could get luna into better levels back.
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *With 137 million votes to go and 5 days left, the governance proposal to fork Terra into a new chain without UST is at 64% in favor; it just needs to be at 50% or above in 5 days for the network to launch on May 27th.* Recommended ratio: 3% LUNA, 97% cash. Price remains hovering at fractions of a cent as the vote on whether or not to hardfork the Terra chain goes on for five more days; the 50 MA is about to form a Death Cross on the 200 MA at $69 for the first time since June 2021. Volume remains very high and has been shrinking for five consecutive sessions now, and has favored sellers for six. Parabolic SAR flips bullish at $13.23 resistance. RSI remains flatlined at 14.25 for what is about to be ten consecutive sessions. Stochastic also remains flatlined at max bottom for ten consecutive sessions. MACD remains bearish and is trending up slightly at -23 as it is on the verge of a bullish crossover at -21.35; this will be one to watch leading up to the end of voting. ADX continues trending up slightly at 54 in search of a peak as Price continues to hover close to 0, this is mildly bearish; if it is able to form a peak as Price grows, this would be mildly bullish. If Price is able to breakout above $0.01, the next likely target is a test of $0.27. However, if Price continues to see selling pressure, it will continue to hover in volatility under $0.001. Mental Stop Loss: (two closes above) $0.01.
**There is an argument to be made about the reduced 100m supply of new LUNA being a bullish catalyst for its Price and it very well could, but this argument assumes that the remaining 137 million votes don't go to 'No with Veto' or 'Abstain'.**
LUNA/BUSD Daily TA Cautiously BearishLUNA/BUSD Daily cautiously bearish. *With 17 hours left for the Terra community to vote on whether or not to fork a new chain, 66% remain in favor which all but guarantees that the current chain will become LUNC and the new chain (without UST) will be LUNA on May 26th EST (May 27th SGT). As it currently stands there is still almost no value proposition for buying LUNA before 03:59:51 PM EST (UTC-4) on May 26th (03:59:51 AM SGT (UTC+8) on May 27th) unless you believe that the current LUNA is salvageable and that LUNC will undergo a massive burn along with getting rid of or fixing the UST peg. For long term investors who believe both LUNC and LUNA will have future value similarly to ETC and ETH, this would be a reasonable time to buy a few LUNA.* Recommended ratio: 1% LUNA, 99% cash. Price remains trading under $0.001 cent and will likely continue to do so leading up to the fork on May 26th EST. Volume has been shrinking but remains moderately high and has favored sellers in eight of the past 10 sessions. Parabolic SAR flips bullish at $7.14, this margin is bullish. RSI remains flatlined at 14.25 for a fourteenth consecutive session. Stochastic also remains flatlined (at max bottom) for a fourteenth consecutive session. MACD remains bullish after crossing over in yesterday's session, showing that there is at least some buying interest (probably those who bought to burn). ADX remains trending up slightly at 61 as Price continues to see selling pressure keeping it below $0.001 cent. If Price is able to breakout above $0.01 cent (only way possible is with a massive burn accompanied by buyer interest), then the next likely target is a test of $0.27 cents. The only other option is for it to range here between $0.00016 and $0.00 before it undergoes the rebranding (LUNC). Mental Stop Loss: (two consecutive closes above) $0.01 cent.
LUNA consolidation areaFor those of you thinking LUNA will reach $1, you need to know that this is impossible!
At this price, $0.0001648, LUNA has a mk cap of $1.07Bil, which is still pretty high compared to its current fundamentals.
The highest valuation that LUNA had was $40+ Billion at its peak.
So the best case scenario, FOMO included, is for LUNA to reach 0.006592.
Looking forward to read your opinion about it.
WHY JASMY TIME LOOKS TO COME - ITS TIME FOR NEW JAPAN BTCAs the crypto market as BTC looking to find the right way into trading and most of the coins entering in break downtrend - jammy looks to show unexpected trends - and this no without reason - this coin called also THE BTC of japan, because of the trend there - since the markets trends it did breakdown - but there is still high chances for recovery that could bring this coin back to high targets.
_ Jasmy is a coin That looks last time to show a nice trend that could bring this token to high targets as the 100% and more.
For the long term and DCA - 1 USD can be a future goal.
Why Jasmy
It's a coin with a solid team that has the to build on IoT. further, it's a known name in japan, the owner is an old worker of sony.
Further technical analysis shows interest for this coin to have a breakout.
Last view: Jasmy
The trend looks to show some trend also against BTC in the small range - what it means it can get a breakout into short term.
It's not investment advice - always study the charts well with good risk management.
TS ❕ ETHUSD: reached the resistanceETH has almost reached the resistance level. A rebound downwards is possible from this level.
SELL scenario: short to 1900.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
[CRYPTO] You Should Stop GamblingHello everyone,
this topic is bothering me very much. While i didn't want to give this any attention, i see more & more trading ideas popping up with traders
calling trend reversals on LUNAUSD based on falling wedges, inverse H&S and various other patterns that they're projecting into the market.
But let me tell you something - technicals (patterns & indicators) are powerful when a market is f.e. ranging or if the company behind the company is actually making some numbers. Technicals & fundamentals always go hand in hand. Use both of them in a matter that makes sense and you're going to be profitable.
But what is happening here on the LUNAUSD chart is very easy to spot. First, there's no liquidity in the market. All the liquidity you're seeing can be divided in two groups. Gamblers & those who burn Terra for UST while increasing the supply massively. This project is doomed - there won't be a turn back or any way to make things better. They'll just move on to the next project - give it a different name and hide behind the anonimity of the internet.
So you're waiting for your 2x return because some random guy on twitter told you that "the bottom is in" and in the meanwhile you're also taking the risk of a total loss because - i'm the random guy who's gonna call it - this is not the last crash for Luna.
Even if you're getting your 2x return - after this trade you're gonna look for another irrational opportunity in the crypto market and you're gonna gamble your whole stash again. MAYBE this works out again. But at some point, you'll fail and your money is gone. Why? Because you're gambling.
There are plenty of opportunities in the market. Good opportunities! Use these times to build a crypto portfolio with strong assets such as BTCUSD, ETHUSD, XRPUSD and all those other coins that are around for a few years now. Investing & fortune takes time & patience.
If you like this idea, please let me know by commenting or liking. Feel free to share your own idea in the comments as well. Also, check out the stuff below ⤵️
LUNA 2.0➡️SCAM. LUNA BURN➡️SURVIVE. HERE IS WHAT I SEE NOWWhile we have lost hope amidst of a hard dump on LUNA we see some minor bullish appearance based on the updates recieved for burning the supply. Here with the LUNA I have adjust the price moves into a technical overview and this is what I found.
I keep an eye on the resistance and the trend line here, as mentioned on the chart a bullish breakout needed to continue the bull trend to the upside. But if we see any breakout on the trend line then we have a chances of seeing a dip once again. Trading LUNA is highly risky until we get some strong update based on the recovery. Remember we have a greater potential of losing people after a good rally due to a panic sell off from a hard crush it created.
LUNA/USD On The MoveLooking for Luna to break the Fibonacci .618 for the move to 0.00020908. If Fibonacci.618 fails then we can see Luna back down to .000164.
Terra Analyze (100X🧐)!!!HI, we had a horrible dump these days in Luna projects. When the dump is ended, we can analyze luna again by Technical analysis.
Terra passed the main wave 2 by Zigzag Correction, and I believe that we will probably see pumping again probably 😱100X😱. First, we have to wait for the breaking (the Trusty) Descending channel by Terra.
❗️Note❗️: Please just invest 1%_max 4% of your fund in this project at this time.
Terra Analyze ( LUNAUSDT ) Timeframe 15min⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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LUNA/USDT - May 22Hello guys,the price now is receiving main support here and we are expecting to increase
On the other hand If the price loses the level of 0.0001, it is possible to fall up to 0.00002, so at this level, it is better to consider capital management more.
always make your analysis before a trade
it is not offer to trade.
good luck
If you have any questions, you can write it in comments below, and I will answer them.
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thanks.
Should we buy Luna right now?In my opinion, if you have 100$, split them in half. Buy Luna for 50$ and wait & watch. If it goes up, wait. If it goes down, look at how much down it goes, but the dip because it's the key to success. Just my opinion