💡Don't miss the great buy opportunity in LUNAUSD
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (31.19).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62
Take Profits:
TP1= @ 45.00
TP2= @ 50.00
TP3= @ 55.00
TP4= @ 60.00
TP5= @ 65.00
SL= Break below S2
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LUNA2USDT trade ideas
Terra Luna Was Forming Cup&Handle PatternAs u can see in image terra luna was forming bullish Cup&Handle pattern after forming that pattern it gives a cool profit/if u have just invested some amount in Terra Luna at July Ending U would have gained 600% Profit Right Now/As u Can Clearly That Thing in Image//so Like This post and follow me for more Ta & Excellent Profit. BINANCE:LUNAUSDT
LUNA/USDT hourly chart setupHello Traders👋
Today i have made a post on LUNA/USDT
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
LUNA-USDT(Long Term Analysis)LUNA is the reserve currency of the Terra platform. The Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, Luna holds key importance in the Terra ecosystem.
As of December 2020, the Terra network has transacted an estimated $299 billion for over 2 million users. This is a major milestone being achieved by the Terra blockchain achieved in a short span of time. On a year-to-date basis, it has yielded magnificent returns of ~32x which validates the stats about the wide-scale adoption by the payment network.
On the Daily Time Frame, LUNA after marking its All-Time-High of $22.4 as of March 21, 2021, has been retracing and is currently placed at 0.786 retracement level. Currently, LUNA is trading in an Ascending Triangle, the resistance is placed at $7.6 while the support has been trending higher and is currently placed at $5.5.
At the current levels, LUNA is placed near its 20 EMA. As LUNA has been consolidating in a narrow range since May 23, 2021, the breakout from the Ascending Triangle may fuel the prices higher.
The immediate resistance is placed at $7.6, a breakout from the level may witness the prices moving towards the levels of $9 followed by $12 (resistance level of the trendline). The support to the lower side is present at $5.5 followed by $4.25.
With the crypto ecosystem gaining back its lost momentum with El Salvador adopting Bitcoin as its Legal currency, it seems that the correction in the markets might halt and the markets may again start to move towards its new highs. Thus, Luna being fundamentally a good project might initiate its impulsive move fueled by the overall market sentiments.
