A Trading Signal is seen in the LUNCBUSD Terra Classic.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.00023129
⭕️SL @ 0.00022146
🔵TP1 @ 0.00025614
🔵TP2 @ 0.00028330
🔵TP3 @ 0.00032188
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger...
Just weeks ago, Luna, a cryptocurrency by Terra Blockchain, was one of the hottest coins in the game. By market valuation, it was one of the 4th most valuable cryptocurrencies. Now, its value is zero and the Reddit community where Luna owners gathered and talked has put the suicide prevention help number in the pinned post on the community page. In the last two...
Everyone seems to be bullish on Luna, but for me Luna is in a pullback of bearish trend shift, won't go bullish for long term until 103.60 (Previous high) is broken with candle close.
It took out 103.60 with wick but couldn't close above it.
Buy Luna with SL of $56 for TG1 of $62.5, TG2 of $68 and TG3 of $76
There are two reasons apart from technical charts
1) increased demand for the $UST stablecoin of Terra
2) Terra had only 1 DApp less than a year ago, compared to over one hundred today.
With the whole crypto market in a blood bath, luna has broken out of the head and shoulders pattern on the daily time frame.
This indicates further fall.
I might take short positions based on lower time frame.
I won't buy until i get a better price.
Terra price set a new all-time high today at $83.81 after it rallied 60% in a little over a week.
This run-up is likely to face profit-taking from investors, resulting in a correction for LUNA.
Although the altcoin might see some run-up during its potential correction, there is a high chance it will sweep the range low at $52.3, to collect the sell-stop...
This is not an investment advise!!!
Head and shoulders pattern formation on LUNA on a hourly timeframe
Target should be around 54-55 levels
* I'm not an expert analyst. This is something is just learnt, so I'm sharing this with public.
If you guys find anything wrong with this post, you can tell me about that in comments.
Have a nice day!😄