Long Lunausdt. Good day, everyone!
Today, I’d like to discuss a cryptocurrency that has recently caught my attention. The chart is quite clear, showing that the instrument has been consolidating on the daily timeframe for about a month now. As you may have seen from my previous posts, I typically follow the Volatility Contraction Pattern (VCP) by Mark, but I’ve adapted it by incorporating some of my own principles, resulting in a modified approach.
Now, focusing on the instrument, I anticipate a strong move from its current levels. We've formed three distinct legs and are now positioned at the top of the range, which is a key area to monitor closely. I expect some consolidation over the next 1-2 days, followed by a potential 20% return on investment (ROI). This outlook remains valid as long as the 0.3990 level holds, which will serve as our stop-loss point. The target to aim for is 0.5313.
Thanks for reading, and until next time!
RaW^
LUNA2USDT.P trade ideas
Exciting Potential for LUNA! Keep an Eye on Breakout Levels 💎 LUNA is exhibiting a bullish market structure and has formed a cup and handle pattern.
💎If LUNAUSDT manages to break above the resistance level, we can anticipate a bullish move towards the next resistance levels.
💎In the event of a pullback, we can anticipate a bounce from the trendline, especially considering the presence of a bullish order block (OB) in this area.
💎However, if the price breaks below this level, it may be considered a bearish scenario. Nevertheless, it might be prudent to disregard this scenario for now and wait for clearer price action to emerge before making any decisions.
Luna Frenzy Time: Seize the Opportunity for Wealth!"Luna Coin
Luna is the native token of the Terra blockchain, a platform designed for stablecoins – cryptocurrencies pegged to the value of real-world assets like the US dollar. Luna is used for governance and staking on the Terra blockchain.
Recent News (Disclaimer: This information might be outdated)
In May 2022, the TerraUSD (UST), a dollar-pegged stablecoin on the Terra blockchain, lost its peg to the US dollar, causing a significant decline in the value of Luna.
Disclaimer
I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
Here are some resources where you can find the latest news about Luna coin:
CoinMarketCap: coinmarketcap.com
Cointelegraph: cointelegraph.com
CoinGecko: www.coingecko.com
Please keep in mind that the cryptocurrency market is volatile and news can change rapidly. It's important to consult multiple sources and stay up-to-date on the latest developments before making any investment decisions.
LUNAUSDT : Price Prediction 3-Jun-2022Price Prediction:
On the hourly time frame, Luna has been trading in the Descending Triangle Pattern.
Descending Triangle Pattern, Generally, this pattern is a bearish pattern. However, a descending triangle pattern can also be bullish.
so that time we call as a reversal pattern
Level Based on Descending Triangle: Breakout Point 7.7135, Target 10.4740, and Stop Loss 6.0380
What will happen if Luna breaks the 6.0380 level? Stay tuned, I will update you
Ethereum Co-Founder Talks of Crypto CrashMajor Crypto-Currency prices have been tumbling for a couple of weeks now and the whole market has been crashed. Luna, one of the top crypto-currency having a price of $115.70 on April 5 has fallen to $0.0991 on May 13. Having around average -30% fall in price daily.
LUNA is indicating another 600% BounceLUNA/USDT is getting stabled and taking support around 61% retracement.
It shows there is confidence in new investors.
LUNA/USDT is currently trading around 0.00022000, and it has scope to bounce towards 0.0012 (600%) if stay above 0.00017.
This analysis and outlook is based purely on Elliott Wave Analysis.
Please check fundamentals yourself.
How Much Gain Required to go Terra (Luna) to 120$. 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 $800 billion of wealth has been wiped from the cryptocurrency market as many have tried to sell whatever crypto coins they hold.
The result is that the cryptocurrency communities on Reddit and around the world are in utter chaos right now. While many want to get out of the crypto scene, some are still believers in “HODL.”
which technical works? Welcome to CRYPTO.when it was going up than people giving targets of 1000$ bla bla, every technical are working well, peoples prediction were so accurate,
Where are those one, who predicted this ?
when we had expectation to become billionaire with penny amount than we should also see the other side of the coin and except that harsh truth if we are investing beyond our capacity than we would defiantly become bankrupt sooner or later.(second side of the coin)
I am still not advising but please invest the amount which you can loose without any hesitation in any market in this world.
Rest all are Super genius and may GOD BLESS to them who were heavily suffered in this scenario.
Only requesting please have genuine expectations.
Last supports are getting ready to breach , Hopes are good but here ?
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Trading Signal For LUNAUSDT Terra (Spot)-Luna has dropped drastically and the price is at very significant support zone. We trade this signal without Stop loss.
-But you definitely apply risk management. Don't gamble, Trade
-Here is how we trade this signal:
-First, you decide how much money you are going to invest in this trade (there isn't any stop loss). Then divide your money into 3
1. Right now we open the trade with the first 1/3 of the money
2. At $1 we add another 1/3
3. For the last 1/3, wait until we post the last entry in the channel. we will keep you updated on this.
We hope this turns to a Golden opportunity for you all
Trading Setup:
There is a Trading Signal to Buy in LUNAUSDT Terra (Spot)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 1.00
⭕️SL @ 0.0 (without Stop Loss)
🔵TP1 @ 10.0
🔵TP2 @ 30.0
🔵TP3 @ 74.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
Luna short profit, support no use nowI was short on luna not because of market, i am short because of luna news attack and their stable coin which too low.
I have recovered my spot loss in luna by shorting him in future trade with my team members.
Don't buy luna, because i think their brand value is drowned
Keep an eye on fundamental analysis too such a great project but
💡Don't miss the great buy opportunity in LUNAUSDT @terra_money
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (89.96).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40
Take Profits:
TP1= @ 92.37
TP2= @ 94.55
TP3= @ 96.99
TP4= @ 99.24
TP5= @ 101.50
SL= Break below S2
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