LUNC/USDT in deep trouble! Will Bulls Jump-in?The crypto markets have yet again fallen under the bearish influence as the larger tokens have squeezing out their profits after remaining inflated for the past few days. Meanwhile, the TerraClassic (LUNC) price is no exception as the current trade set up indicates either the token is extending its consolidation or ready to dive deep soon.
LUNC price has been trading within a bearish triangle from quiet a long time but after the price rebounded from the support, a ray of hope of a bullish breakout flashed. However, the fresh sell-off challenged the bulls, compelling the price to plunge and head towards the lower support zone.
The token now may either drop down to trade within the support zone, hit the last point of defence at $0.0000868 and reclaim the levels beyond $0.0001 again. Else the more likely outcome could be an extended consolidation just below the pivotal resistance at $0.000155 for a while, until the bulls strengthen their grip and rise beyond the resistance.
Terraclassic
LUNCUSDT Falling Wedge leading it to its doom. Unless..Terra Luna Classic (LUNCUSDT) has been consolidating since the December 16 drop having formed a Support Zone (green) just below the low of the FTX (November 08) crash. This consolidation is taking place below the Higher Lows trend-line that was holding since June 09. The price remains below the 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and the recently emerged 1D MA200 (orange trend-line).
This Falling Wedge will most likely take the price to its bottom (Lower Lows trend-line) by January if it breaks the green Support Zone. On the other hand a break above the 1D MA50, targets the 1D MA100 and further break there targets the 0.0002790 Resistance (1) of the November 05 High. The Resistance 1 is on the 0.0003710 (October 02) level.
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Terra Classic(LUNC) Price May Withness a Bullish Breakout SoonTerra Classic is approaching the end of the yearly trade, marking the lowest levels ever since it was rebranded and separated from Terra. The price is closer to adding up another zero in its value after facing rejection from interim highs around $0.00014106, in the past few days.
The LUNC price is now approaching the pinnacle of the falling wedge consolidation which is largely believed to be bullish in the long term. Meanwhile, the RSI of the token is also raising after rebounding from the lows, indicating the revival of a possible bullish trend ahead.
With a bullish breakout, which may happen in the first few days of 2023, may hit the last point of defence at $0.00001 and rebound high to reach levels above $0.000015 initially and later try to test the levels close to $0.00002
LUNC to pump⛽ again?Terra Classic seems to be ready to break up out of this triangle 📐 and if successful I think there is chance for run to 0.00035 and even higher.
ENTRY : local high @ 0.00028775
STOPLOSS (SL) : local low @ 0.00027075
TARGET1 : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00035
TARGET2 : resistance @ 0.00040
REWARD RISK RATIO (RRR) : TARGET1 - 3.6 | TARGET2 - 6.6
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Terra Classic (LUNC) formed bullish Gartley for upto 560% pumpHi dear friends, hope you are well, and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
Previously after hitting the minimum sell target, price of LUNC was moved down, which was by the way almost 30% profit move as below:
Now on a weekly time frame, LUNC has formed a bullish Gartley pattern. There is also a hidden bullish divergence on the chart, as the priceline is forming a higher low, and RSI is setting a lower low.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
USTC Triangle FormationTriangle chart pattern brewing up on USTC, either bound by resistance on R1 or R2. Breakout from triangle with R1 gives price target of $0.035, R2 gives $0.0315. Should coincide with inflation data.
LUNCUSDT just finished the bottom bounce Launch TimeLUNCUSDT just finished the bottom bounce. Typically a move from distribution into accumulation looks like a drop that consolidates then bounces and consolidates higher than its baseline....(which is the push down in the middle of consolidation prior to distribution) Then after consolidation high it drops again to manipulate under the baseline to break stop losses and absorb more of the float. Then a move back to the high after the absorption which is shown on chart with Volume stating over the last 6 candles there was 38billion in volume....on the last candle there was 34 billion by its self. this is a signal of absorption is complete and now it consolidates high again just below the area it couldnt pass before. Then when its ready to break through it will drop back down to break the line it created moving up which everyone thinks is safe to place their stop losses... It breaks this line to absorb the last remaining part of the float it needs to break through the area it has not been able to get through.
The reason its been in this area so long is because it has been doing this pattern on every time line and its been waiting for each one to complete this move. Now that we are at this point it can start its move for profits..... Lets hope it takes just as long on this stage as it did on the previous.... smh
by iCantw84it
10.31.22
LUNC LUNA CLASSIC LAXATIVES ARE KICKING IN, HUGE CRAP COMING!LUNC, as I have said before in my other charts is about to drop like you've never seen before. The break of this descending triangle is going to be ugly. I also don't think the measured move down will stop there. Once LUNC heads to those lows everyone who is staked and "believers" will suddenly become non-believers and they will unstake and sell their positions pushing LUNC to new lows. LUNC does not belong even in the top 100 in my opinion, its worthless and has no real world use, plus no one with serious money in their right mind will ever invest in this dead project. Take profits and cut your losses if you have any or you will incur many more losses. LUNC is never going to burn enough to make any sort of difference ever. No millionaires will be created by holding this dirty diaper. If you plan to hodl then I feel sorry for you and all I can offer is some toilet paper and some tissues. This is not trading or financial advice this isjust my opinion. If you like my content then please support my work by following me, and give me a boost if you a second. Thank you and good luck out there my friends.
LUNC Is Bullish Luna classic is technically bullish
Everything right about the revival and in a crypto token has been done right
From the recent updates and developments
To technical support , lunc will be bullish
Do not look at the total supply of 6.8T as a the reason not to be bullish, the fact is that lunc went 30 000% and 387% in September prior to the 1.2% tax burn , lunc was bullish rather #Lunish (bullish) with the supply of over 6 Trillion from MAY blackswan
We’re experiencing negativity from the whales that were part of the sellouts!
Lunc community has to take over the whales by way of staking more and participating in Intraday
LUNA CLASSIC HEAD & SHOULDERS FORMED AS PREDICTED > SLOW BLEED!LUNC is moving exactly as I predicted in my last chart (ill link it below for you non-believers). The head and shoulders has formed and LUNC is trading below it now. The neckline is broken and the price is hanging on by a thread at this point. A huge drop is coming for the measured move, down to at least .00018 and then a bounce there at the dynamic support level up to about maybe .00024. Then a quick drop back below .00018 and then a slow bleed to major support around .00009 and wicks lower to .00008 is very possible once the panic selling starts and the staked coins start to become un-staked and sold. Anyone who is staking LUNA is screwed in my opinion cause it takes something like 20 days to unstake and by the time they get them the price will be .00009 if they are lucky. LUNA CLASSIC will never burn the coins everyone is hoping it will burn. All this burn talk and Binance burn is to literally keep the suckers hanging on so the big fellas can dump it on their chin. Oh and for USTC to re-pegg it needs to be trusted and used as a stablecoin, that will never happen so drop that idea right out of your heads right now. Shame on LUNA for screwing you all the first time but, Shame on you all for getting screwed twice in a row with this sh!tcoin! Also for all the you-tubers out there pumping this piece of horsesh!t, phuck you too, you're all sh!tbags for screwing over innocent people so you can get your damn clicks, karma is a MF. Get phucked!
THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINION. GIVE ME A BOOST AND FOLLOW IF YOU WOULD LIKE TO SUPPORT MY WORK. THANK YOU AND GOOD LUCK OUT THERE.
THIS IS MY PREVIOUS CHART I MADE SAYING THAT THE PRICE ACTION WAS NOT GOING TO FORM NEW HIGHS WHEN EVERYONE WAS SCREAMING LUNC NEW BULL RUN. I SAID INSTEAD IT WOULD FORM A HEAD AND SHOULDERS AND THEN CONTINUE THE DROP.
LUNA CLASSIC HEAD & SHOULDERS FORMED AS PREDICTED > SLOW BLEED!LUNC is moving exactly as I predicted in my last chart (ill link it below for you non-believers). The head and shoulders has formed and LUNC is trading below it now. The neckline is broken and the price is hanging on by a thread at this point. A huge drop is coming for the measured move, down to at least .00018 and then a bounce there at the dynamic support level up to about maybe .00024. Then a quick drop back below .00018 and then a slow bleed to major support around .00009 and wicks lower to .00008 is very possible once the panic selling starts and the staked coins start to become un-staked and sold. Anyone who is staking LUNA is screwed in my opinion cause it takes something like 20 days to unstake and by the time they get them the price will be .00009 if they are lucky. LUNA CLASSIC will never burn the coins everyone is hoping it will burn. All this burn talk and Binance burn is to literally keep the suckers hanging on so the big fellas can dump it on their chin. Oh and for USTC to re-pegg it needs to be trusted and used as a stablecoin, that will never happen so drop that idea right out of your heads right now. Shame on LUNA for screwing you all the first time but, Shame on you all for getting screwed twice in a row with this sh!tcoin! Also for all the you-tubers out there pumping this piece of horsesh!t, phuck you too, you're all sh!tbags for screwing over innocent people so you can get your damn clicks, karma is a MF. Get phucked!
THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINION. GIVE ME A BOOST AND FOLLOW IF YOU WOULD LIKE TO SUPPORT MY WORK. THANK YOU AND GOOD LUCK OUT THERE.
THIS IS MY PREVIOUS CHART I MADE SAYING THAT THE PRICE ACTION WAS NOT GOING TO FORM NEW HIGHS WHEN EVERYONE WAS SCREAMING LUNC NEW BULL RUN. I SAID INSTEAD IT WOULD FORM A HEAD AND SHOULDERS AND THEN CONTINUE THE DROP.
Luna 2.0 Analyze (10/12/2022)!!!Luna 2 was able to break the resistance zone by wave 3(probably it was a fake break).
Since wave 3 was a sharpy wave, I expect we can see the truncated wave on wave 5. it means Luna will not touch the top of wave 3.
Terra Analyze ( LUNAUSDT ) Timeframe 15min⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
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Rising Wedge On LUNCSeeing a possible rising wedge on Luna Classic, a bearish sign, which on break out below the support will give us a price target around .293 if it happens within the next few hours
is Luna Classic LUNC still bullish?since my last idea on LUNCUSDT, some of my expectations have come true.
a person commented on my last idea, that the price will go to 37 then falls to 22 and at last goes up to 120
my expectations are clear on the chart, sorry for the messy environment
increasing in the volume indicator, shows promise that the price will go to 37 area again
and then, I think we can go down, and be in 22~24 price range.
hope you succeed
DYOR
Possible LUNC Bull FlagPossible bull flag in play. Typically a bullish sign, and if correct, should break out above resistance with a price target of .39 or .40
Terra Classic LUNCLuna Classic is in a hard situation with 200 MA on the top & 50 MA showing support. If Luna can't explode above the 200 MA then expect Luna to come down breaking that 50 MA Support Line. The buy level is at 195.
RSI... is showing sideways movement we're looking for that cross and when the cross happens expect Luna to come crashing down.
Terra Classic LUNC Bearish Sentiment Friday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
LUNC/USDT short
Entry Range: $0.0002300 - 0.0002500
Take Profit 1: $0.0001700
Take Profit 2: $0.0001330
Take Profit 3: $0.0001120
Stop Loss: $0.0002820
previews short signal
Terra Classic (LUNC) formed bullish Gartley for upto 18.50% moveHi dear friends, hope you are well, and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
Previously LUNC reversed bullish without completing the final leg:
This time on a 4-hr time frame, LUNC has completed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
LUNA next targetsPlease refer to this idea:
What rocket! So next targets being 3.76 (already hit, it's just moving too fast) and 4.13.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
LUNC Major Triangle FormingLUNC has been consolidating over several days, seemingly forming this longer-term triangle (purple). Would love to see price retest the triangle support and bounce up, and if so, would confirm the triangle for me, with a deadline of several days and a large price movement in either a bullish or bearish direction.