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Terraluna

LUNA losing some steam?Yesterday I've sold my LUNA at around +50% profit not because I wanted to but because I hoped into a swing trade. At the beginning I wasn't happy because I saw the price rising but usually in such situations my TA is correct but just too warly. LUNA has had a great run and judging from its past performances it's definitely a crypto I would discourage shorting (or even swinging). However, having seen bearish DIVs forming at 1h and volume lowering candle after candle, after such a massive run I thought it was natural to take a breath and retrace, even for LUNA. After seeing price keeping on pumping I've checked also past PA and I've noticed that on 4h chart, every time RSI went over 79 there was a dump from 9% to 15% within 8 days. This reassured me and I hope history will repeat and my new bid will trigger. I'm not gonna say where I've placed mine but it's between 61 and 70. Today I'm finally seeing LUNA losing steam, I hope tomorrow morning my buy back will have triggered and I hope price not to dump too much lower my rebuy. Finger crossed! Good luck
by Shotokhan
15
LUNA can still lose supportWhat you see on this chart are the same trendlines I had on my previous signal on LUNA, it partially played out but on 22nd of Jan BTC bounced back and this saved LUNA from going below EMA 200, however that line it's under test once again. Imagine the EMA 200 as the bottom line of a triangle, I've drawned the upper line, if LUNA's price loses the EMA 200 I think my previous TA will finish to play out. If instead price will break out this could go easily up to 64$. I'm more inclined to think it'll go down though! Good luck
by Shotokhan
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!
Short
by DU09
6
LUNA building a launch padHere's my criteria for why: 1. Price has finally come to meet the 200 DEMA for LUNA where it is on a 8 hour buy streak. 2. I think a launchpad is being set up. We are only 1 hour into the most recent four hour candle. 3. I suspect that Friday morning at 7am EST which starts the new four hour candle will bring heavy volume and launch luna into orbit 25%. 4. It is now my belief that the V recovery was for real starting on Jan 30. 5. Right now the buy signal is being smothered by the RSI metric, which, if you check last (seen on chart here and in other areas. 6. MACD is not far below signal and both are on a trajectory up over zero with blue crossing red (bullish) I have some other plays including a spot grid bot idea for the asset BNB. Check it out below. Also check my Idea on BTC. Here's why: 1. BTC basically acts as an index for this whole asset class. 2. As BTC goes up other coins/alt coins go up with even more velocity. 3. LUNA is in my opinion the best layer 1 Ethereum option available. Maybe not from price spec, but from a crypto centric technical point of view. It is a solid product, not project, that is already been implemented and is scaling. 4. Since BTC acts like an index for crypto and I am predicting BTC makes a move towards $50k soon, before it goes under $40k again, (check links for idea) that assets like LUNA will have a blast off. Call it a "mini alt season" if you will. *disclaimer *this is what I am doing, if you do so, do it at your own risk I am not giving financial advice. This is very risky.*
Long
by CryptoSlayerFX
Terra Luna: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD). The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price recently formed a Bear Flag Formation with the potential if the price keeps moving higher to form a Double Bottom Pattern. RSI and MFI are meeting resistance and Volume has been declining. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI ( Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud, Bear Flag Formation, and Double Bottom Pattern. 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
L
by MillionaireEconomics
1
LUNA Terra: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Terra (LUNAUSD). The chart is self-explanatory. Terra price has been moving down after forming a Head & Shoulders Pattern and failing the retest. The price is sitting at the multi-month Support and Resistance line. RSI and MFI are around the oversold region so there may be a price move up, but the trend still seems heading down. Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI (Money Flow Index), Head and Shoulders Pattern, Ichimoku Cloud. 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
L
by MillionaireEconomics
9
TERRA LUNA, Massive Head-Shoulder-Formation, Objections!Hello, Welcome to this analysis about Terra Luna and the 4-hour timeframe perspectives. Since the cryptocurrency market recently formed a massive pullback to the downside we need to adjust to the situation and derive the best out of it as such situations can also show up unforeseen opportunities. In this case it is highly important to consider the differences between the certain cryptocurrencies as they are all forming very differential setups, there are crypto coins that have a more bearish interface, there are coins that are more neutral and there are coins that have more bullish interfaces. With Terra Luna as I discovered and as it is seen in my chart the whole interface has a bearish edge as Terra Luna recently completed this whole massive decisive head-shoulder-formation marked in my chart in red with the breakdown below the lower boundary. Below the neckline Terra Luna increased with heavy volatility and now bounced back to form this confirmational flag formation that is marked in my chart in red with the black boundaries, this formation is confirming the whole breakdown and head-shoulder-formation. Within this formation Terra Luna also has a coherent wave-count with the waves A and B already completed and now as Terra Luna sets up for the final wave C this wave C will directly lead into this main resistance cluster where several resistances come together. Once Terra Luna tested this resistance there is a high likelihood that a pullback from there on emerges which will finalize the whole confirmation formation with a breakdown below. The whole targets of the head shoulder formation are as it is marked in my chart within the 40 Usd and once these have been reached the situation needs to be elevated again, for now we should not keep the bearish perspectives out of sight. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
8