Trading Signal For LUNCBUSD Terra ClassicTrading Setup:
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 Bands
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Terra
How Much Gain Required to go Terra (Luna) to 120$. Just See PostJust 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 weeks, Luna has seen its value fall to zero. Essentially, all those who hold Luna now hold a cryptocurrency that isn’t worth a dime.
For Terra, just Luna has crashed, but also TerraUSD, which is supposed to be tagged with US Dollar at 1:1 rate. Traded at a rate of USD 1 until May 9, the TerraUSD is now worth less than 20 cents, showing that in real-world a cryptocurrency, irrespective of the idea behind it, has no tangible value and an institutional mechanism that can guarantee whatever value it holds.
Luna has now been delisted from major crypto exchanges, including WazirX and CoinDCX. “We will enable Binance free transfer for users to withdraw their Luna funds,” WazirX said in a note.
But Luna and TerraUSD aren’t the only cryptocurrencies that have seen their value plummet in the last week. While that is the extreme case — with Luna losing all its value and turning to dust — almost all cryptocurrencies are in a free fall.
Bitcoin, which was once selling above $50,000, is now at a price of around $28,000 and falling. The same is with Ethereum, which has also seen its value plummet by some 20 odd per cents in the last 10 days. Experts estimate that around $800 billion of wealth has been wiped from the cryptocurrency market as many have tried to sell whatever crypto coins they hold.
The result is that the cryptocurrency communities on Reddit and around the world are in utter chaos right now. While many want to get out of the crypto scene, some are still believers in “HODL.”
Buy #Luna with $56 with TG of $68Luna has great support around $56 Buy with SL for atleast $68, there are other factors too making it great Buy !!
Buy #Luna with SLof $56 TG1 of $62.5Buy 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.
Terra's LUNA looks ready for a steep correction after a new all-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 liquidity resting below it.
While the outlook for Terra price is bearish, investors need to note that a resurgence of buyers could propel LUNA to set a new record high at $90.
Head and Shoulders Breakdown on LUNA 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!😄