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$Luna- Them Gen Z' s!The $luna team boys are intelligent and tech savvy, had a very innovative plan but they got too cocky and poorly managed the whole $UST business but they will learn and bounce back. Truth is that its prolly going to take a long time for the $luna price to even hit like $50 because of lost investors confidence on their project. Trade safely and always remember crypto is high risk. Trader's creed : You will always win when you use your SL or take your profits as they come. Don't be greedy!
by Syl-Crypt
1
LUNA rebounds after huge dropsHello everyone, let's take a look at the LUNA to USDT chart on a 15-minute time frame. Let's start with the designation of the support line and as you can see the first support in the near future is $ 3.22, if the support is broken, the next ones are $ 2.71 and $ 2.29 and $ 1.92. Now let's move from the resistance line, as you can see the first resistance is $ 5.18, if you can break it the next resistance will be $ 7.97 and $ 10.22 plus $ 12.46. It is worth remembering that LUNA is in a difficult situation, which makes the rate change dynamics very fast. We should be especially careful!
by cryptodailyuk
4
🔥 LUNA Going To ZERO: A Detailed Explanation On What HappenedIn today’s analysis I want to explain in detail what happened to LUNA and to its stable coin UST. It’s a difficult subject so I’ll do my best to keep it short and simple. UST is an algorithmic stable coin, connected to its native token LUNA. This means that, in order to peg UST to $1 it makes use of algo’s that either sell or buy LUNA to keep it at $1. Example: UST is worth $0,98 USDT. The algorithm will now market-sell LUNA tokens for UST and use said UST to buy USDT on the UST/USDT pair. This means that the value of UST should rise against USDT and therefore defend the peg. This can trigger a massive selling cascade as the algorithm can trade in a circle, constantly making it worse and worse 1) The further away UST is from 1 USDT, more LUNA tokens it has to sell in order to get back to the $1 peg. 2) The more LUNA tokens are being market-sold, the lower the price. 3) The lower the price of LUNA tokens, the more tokens have to be minted (created) and sold in order to buy UST to defend the $1 peg. This creates a waterfall effect on LUNA’s price. And, eventually, can lead to LUNA being worth ZERO, as the algorithm keeps on creating more and more LUNA tokens to sell. See the UST/USDT peg below, this “should” always be 1. To prepare for events like this, the LUNA foundation has bought around 80k BTC to serve as collateral (around one billion dollars). It can lend money to defend the peg further in case of need. However, they have depleted their TOTAL Bitcoin reserves in just two days. This means that they have no other ways to defend the $1 peg, apart from printing more LUNA tokens and selling them. See chart below for the LUNA foundation’s BTC reserves Why has this happened? Simple, some entity saw that this algorithmic peg was going to be a problem and broke the system in order to make HUGE profits. Some entity market-sold billions of dollars’ worth of UST against USDT do destroy the 1:1 ratio and made a bet that the algo would create and sell huge amounts of LUNA tokens and would lead to a massive decline in value, like we have seen over the last three days. A lot of people lost huge sums of wealth, while a couple of entities got very rich by shorting LUNA into the ground. The only way on how fix this waterfall to $0 is to destroy UST and stop the algorithm.
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by FieryTrading
39
Luna 99.1% dipHello traders! A week ago LUNA was having fun at 88$ and now within a week, it's now at 0.7xx. It's a 99.1% decline in a week and doesn't know whether it will stop here or it will drop more. It's about a 99.1% drop in a week. This situation also forced BTC to drop more I hope it will not start a chain reaction. Terraform Labs(TFL) is the organization controlling Luna and the Stable Coin 'UST'. UST is an algorithmic stablecoin, which differs from other stablecoins because it has no reserves. Instead, it holds value based on an algorithm that is coded to strike a balance between the stablecoin and a partner coin. In UST's case, that partner coin is its sister cryptocurrency, Luna. Recently Huge Selling started in UST and it dropped to 0.8$ and Luna is supposed to stable the coin at 1$. There is a story roaming that Luna members started a conversation with a group that had 150,000 members and he was challenging that Luna coin will go below 88$, conversation started when it was above 100$ and Luna's member didn't agree and it turned into a war. They started a bet of 10 million$. That's a big bet but by looking at the investment and trust of the world towards TFL they were not supposed to show childish behavior. That guy started a campaign to sell 'UST' and amazingly he was successful. The 'UST' price dropped to 0.38$ and that's a big drop and it's an extremely stressful situation for a company that has very few reserves. Luna was failed to increase the reserves and to stable the 'UST' and because of instability Deposit/withdrawal/transfer was stopped in Terra's coin and we saw huge drop in Luna. Well, he was successful in crashing the Luna. I am sure he should have bought some Luna around 30/40 dip because who thought it will go below 1$. Lol, i am just guessing. Whole cryptocurrency is based on this psychology where a single campaign can crash a multi-billion dollar company in a week also it affected the whole crypto world. A single tweet can start a chain reaction and a coin can fly instantly. The conclusion is that After a Single tweet if a coin can fly and later can give a colossal drop, Luna can also recover after this death drop. Don't forget to hit the like button and follow to stay connected.
by Aadil1000x
4
🌕LUNA: what happened to LUNA and UST? Simple explanation!🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause and what are the possible scenarios for Luna and UST? 🌓The UST stack itself is an algostable and has a $1 price peg mechanism due to the LUNA selling mechanism. There was panic in the market, and as a consequence of the panicked outflow of funds from LUNA, the algorithm was disrupted as the outflow exceeded the inflow of LUNA providing the peg. 🌖Technical Analysis (TA). ✅Global Scenario. I have noted important support zones that can be identified with horizonal volumes: 1. $14,56-18,2 2. $5,20-7,45 🔥These are global support zones where there is enough liquidity for a big player to open long positions. 🔥The fuel for this drop was the traders who accumulated the moon in the area I noted on the chart. Panic selling knocked the altcoin down by 80% from it`s ATH. Short traders could be the fuel for growth. That is how it works. ✅Local Scenario. The local scenario with trendline breakout. The trendline breakout strategy helps me to identify best entry point, so friends if you want to know how to use it, leave a coment and i`ll try to make an educational idea with simple explanation for you. 🚩Let's not forget that Luna has an $18 billion supply and ranks 3rd among companies in accumulated Bitcoin. Biggest disclosed Bitcoin treasuries: 1. MicroStrategy - 125,051 BTC 2. Tesla - 43,200 BTC 3. Terra - 30,727 BTC 🌕Therefore, it is too early to predict a crash of this altcoin, although you can see how many holders got scared and started to sell off the crypto. Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
14
🌔LUNA: is it time to PANIC or time to BUY? Guys, wake up!🎯Hi friends! From the top 7 most capitalized crypto to the top 32 in 2 days! WOW! Is this really the end for LUNA? In this idea, I will share my thoughts on this project and show you some hidden from retail traders point of view. 💹Luna is already droped by 97% from it`s ATH. It`s not something unusual, it`s a common things on crypto market (2017, 2020), but the cryptowinter become much earlier for this altcoin. Here is more opportunities than at any other markets because there is a lot of beginners that scared when it`s time to open a trade and so greedy when it`s time to close a trade. That's why the crypto is so volatile. ✅This could be the biggest scam in cryptocurrency history or the best buying opportunity in months. If you want to buy this altcoin use small % of your capital and open the trade only after your strategy confirmed it. Leverage is very dangerous at this moment because the market is too volatile, so use spot only. As you may know, the UST has lost its peg to the dollar and has already fallen to $0.25 per UST today. Why did the collapse happen again? All of the Bitcoins that were on Luna Foundation's security were withdrawn from major accounts and sold to secure a peg to the dollar, but that dump the price even lower. 📊I marked 2 value zone for LUNA in the recent idea. The second one is a support for the price now. So if you want to get more info about LUNA techical(TA) and fundamnetal analysis, please check it! 🚩Treasury Secretary Janet Yellen at Tuesday’s Senate Banking Committee hearing said that stablecoins present ‘risks to financial stability.’. This message from the government officer is so clear. Maybe it`s time to hold different stablecoins (USDT, BUSD, USDC etc.) on your wallet or exchanges. 🦢Maybe stablecoins BLACK SWAN is coming? Let me know in comment what do you think about this situation on crypto market? Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
26
LUNA - Where would it stop? ⚠️Let's see how LUNA is behaving. This is a 1D chart. (Long Term) LUNA broke the last support it had, and now god knows where it will land. My analysis so far confirms that there are still two support levels left. Each of them is the consolidation area it first made to start a break out when the coin was released. The RSI shows that LUNA is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $0.96 Let me know your ideas. Good luck.
by ShawnMCR
1
RIP 💀🥀 - From Hero to ZERO A stable coin that was nothing but stable: UST was supposed to be a stable coin fixed (peged) at 1$. It is now worth only 0.38$. Needless to stay that many investors, some of them risk averse with a choice to hold 'stablecoin' and avoid volatility in the market. A disaster for UST, Terra Luna, their investors and the Crypto market all together. Sad... but how did it all happen? How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style: Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵
by FX_Professor
5
LUNA/USDT by CryptoTradersWWThe major issue is how low this can go and whether it can rebound from such a massive sell-off. I've seen some massive drops in Crypto, and Luna is up there with the most memorable. Is it approaching zero? Nobody is aware. Technical levels are one thing we may look at. The price is currently hovering around the Weekly level set about a year ago. This occurred when the UST coin was subjected to FUD, which resulted in a drop a year ago. The dump was not as big as it is now. There isn't much support below the weekly level till beneath $1, according to the market structure. The Terra Foundation is also expected to release a rescue plan soon, which will add to the uncertainty. It's nearly impossible to catch the bottom of a plunge like this; patience is key, and risk management should be prioritized. This dump can be seen in two ways. Trying to catch the lows can either pay out handsomely, or you will lose 99 percent of your money. <----------------------------> ☑️ Follow, Comment & Like ☑️ Create a civil and healty discuss in the comments and share with me your thoughts Thanks and Happy Trading!
by CryptoTradersWW
1
LUNA is Rekt - The How and Why Terra UST was the 3rd biggest stable coin and lost its $1 peg causing LUNA to spiral Once UST lost its peg from $1 to for example $0.50, someone could buy 100 UST for $50 and redeem it for $100 of LUNA and then sell that to USDT — making money on the arbitrage. This essentially is what triggered the Death Spiral for LUNA because the price of LUNA is dropping with the peg, it became race to redeem for LUNA before the value drops below the redemption price The UST peg failed for two main reasons: Curve pool imbalance (On Chain Selling) $350m UST was swapped for USDT using the Curve protocol. This left a disproportionate amount of UST versus other stablecoins in the pool for users to swap against, thus lowering the value of UST "on-chain" Curve is a crucial piece of the DeFi ecosystem, allowing users and dApps to swap stablecoins efficiently. The massive selling of UST on Curve created an imbalance in reserves, leading to the value of UST falling below the peg on the protocol. The remaining portion of UST withdrawn from Anchor protocol was sold on centralized exchanges like Binance driving down the value on those markets as well (Off Chain)
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by TrendmasterOfficial
3
DO NOT TRY TO CATCH A FALLING KNIFE!Luna seems to be a logical project. It can thrive in the future and get back into the top 10 crypto by market cap but be careful! It can still be early to buy in! In a week Luna lost around %90 of its value! This means something! Also its stable coin lost around %65 of its value in the last couple of days! In the long term chart doesnt look good! We broke out important support zone with high volume! There are 2 strong support at levels of 5.23 4.08 and price bounce back at around 4.08 today! But there was strong supports around 44 22 18 8 Luna explosively brokeout below all of these supports to lose around %90 of its value! Also volume is insanely high! Every1 is selling! Do not buy from this point! Wait for price to consolidate this week! It can still go below 4.08 area! If it breakdown 4.08 area Supports are 3.06 1.48 0.91 0.55 Take care and act with common sense! We are in a crypto winter! DO NOT BUY without stop loss! Follow for more ideas and charts!
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by thegreatwall38
2
LUNA Daily Analysis 5.11.2022🔴 This coin with a 60$ billion market cap is moving towards zero with a 97% correction. 🟢Experience in the crypto market has shown that when the market is willing to pour, the word price floor does not have as much meaning as it does in the rising waves of the ceiling. So do not enter the purchase until the return pattern is seen in the currency in the hope that the currency is on the floor and do not risk your entire capital for a small profit. 💎Seeing the chart above, those who are familiar with the word loss limit and have strictly observed it will smile.
by Trader_Needs
4