LUNCUSDT trade ideas
Binance Burns 4 Billion Terra Luna Classic (LUNC) TokensBinance burns almost 4 billion Terra Luna Classic (LUNC) tokens, with total LUNC burn by the community reaching 83 billion.
The world’s largest crypto exchange Binance burns almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn. With the latest LUNC burn, the total LUNC burn by the crypto exchange to date reaches more than 43 billion, 52% of the total tokens burned by the Terra Luna Classic community. Traders didn’t immediately respond to the Binance burn.
Binance’s Net Terra Luna Classic (LUNC) Burn Reaches 43 Billion
Crypto exchange Binance sent 3.90 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the transaction on December 1. Binance continues contributing to the community’s LUNC burn campaign to reduce the LUNC circulating supply after the exit of Changpeng “CZ” Zhao as Binance CEO.
Notably, the 16th batch of the LUNC burn mechanism is for the period October 31 to November 29. With the latest burn, Binance has burned over 43 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs. The community has burned nearly 83 billion LUNC tokens.
In November, Binance burned 760 million Terra Luna Classic (LUNC) tokens, the lowest till now. The burn rate significantly declined amid FUD, reduced developer activity, and a fall in LUNC trading volumes on the exchange.
However, the massive jump in trading volumes this week resulted in this huge LUNC burn the community hasn’t seen in the last few months. Binance launched a USTC perpetual contract and new USTC trading pairs FDUSD and TRY, which contribute massively to the exchange’s trading volume.
Terra Luna Classic ecosystem tokens fell in the last 24 hours, with LUNC and USTC giving up some recent gains due to profit booking in the broader crypto market. However,
LUNC price jumped 65% this week, with the price currently trading at $0.000142. The 24-hour low and high are $0.000114 and $0.000121, respectively. However, the trading volume has decreased in the last 24 hours.
Meanwhile, USTC price rallied 350% this week, with the price currently trading at $0.051. The 24-hour low and high are $0.050 and $0.055, respectively.
LUNCUSDTBINANCE:LUNCUSDT long idea
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LUNC/USDT Bullish Trajectory in the Spotlight? 👀 🚀LUNC💎 Paradisers, turn your attention to LUNCUSDT as it showcases a compelling performance in the demand zone, signaling a strong likelihood of breaking through its resistance level for an upward trend.
💎 Reflecting on its past behavior, LUNCUSDT has a consistent record of surmounting its descending trendline, leading to bullish movements. Currently, after facing a rejection at the resistance level of .9673, the odds are tilting in favor of a resistance breach. This is further bolstered by its recent sweep of buying liquidity, reinforcing its position in the demand zone and the potential for continued upward momentum.
💎 However, should LUNCUSDT falter in maintaining this upward trajectory and descend below the demand level of .7806, a bullish strategy from the support level may come into play. A break below this threshold could pave the way for short-selling opportunities.
LUNC Price Could Continue Its Ascent Towards $0.0002LUNC recently managed to surpass the resistance level at $0.00011695 over the past few days and maintained its position above this threshold at the time of writing. If the altcoin can successfully conclude a daily trading session above this significant price level, it might establish a solid foundation for a potential advance towards the subsequent barrier.
Under this optimistic scenario, LUNC could potentially embark on a path toward $0.00014915. This particular price point serves as the final major obstacle preventing LUNC from reaching the resistance level at $0.0002. Consequently, a daily closure above $0.00014915 may pave the way for a notable surge in the cryptocurrency's value, potentially reaching $0.0002 within the next two weeks.
It's important to note that this bullish outlook could be invalidated if LUNC experiences a daily candle closure below $0.00011695 within the next 72 hours. Investors and traders should be aware that the probability of a temporary price retracement for LUNC has increased following its impressive 28.57% surge on Sunday and an 18.42% spike on Tuesday.
Given these substantial price movements, it's possible that traders may soon decide to capitalize on their LUNC holdings by taking profits. In the event of a correction in the cryptocurrency's price, it's likely to test the critical support level at $0.00009905.
However, despite the looming potential for a price decline, technical indicators on LUNC's daily chart continue to signal that its bullish momentum remains intact. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are displaying bullish signals.
The MACD line is diverging upward from the MACD Signal line, indicating the possibility of ongoing positive momentum for LUNC. Simultaneously, the RSI line maintains a bullish position above the RSI Simple Moving Average (SMA) line, suggesting that buyers still hold a dominant position in the market.
lunc Strong Bearish after 87% Bullish movementLunc/usdt Strong Bearish divergence after 87% Bullish movement
A bearish technical analysis suggests a potential downward trend in the price of a security or market. Several indicators and patterns can indicate a bearish market sentiment.
Firstly, the price chart may exhibit lower highs and lower lows, forming a descending pattern. This pattern indicates that sellers are taking control, pushing the price lower over time. Additionally, the chart may show a series of lower highs, suggesting a weakening of buying pressure.
Another bearish indicator is the moving average crossover. When a shorter-term moving average, such as the 50-day moving average, crosses below a longer-term moving average, like the 200-day moving average, it signifies a potential shift in the market sentiment to bearish. This crossover indicates that the recent price trends are weaker than the long-term trends.
Furthermore, momentum indicators, such as the Relative Strength Index (RSI), can provide insights into overbought conditions. If the RSI reaches above 70, it suggests that the security is overbought and may be due for a downward correction.
Volume analysis is also crucial in bearish technical analysis. Increasing trading volume during price declines indicates heightened selling pressure, further supporting the bearish outlook.
Overall, a bearish technical analysis combines various indicators and patterns to suggest a potential downward trend. Traders and investors use these signals to make informed decisions about selling or shorting positions, taking advantage of the anticipated price decline. However, it's important to consider other fundamental and market factors to confirm the bearish outlook before making any trading decisions.
everything on chart
not financial advice
Why Is Luna Classic (LUNC) Price Skyrocketing Today?Luna Classic (LUNC) price has skyrocketed by 60% in response to strategic investment and USTC perpetual contract launch by Binance.
The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC). LUNC price has skyrocketed by 60% in response to strategic investment and perpetual contract launch by Binance.
Terra Luna Classic (LUNC) Gains 60%
With multiple key proposals passed by the community and positive sentiment amid broader crypto market recovery, Luna Classic Labs purchased 25.6 million USTC worth about $500,000 as part of its treasury reserve policy at an average purchase price of $0.021 per USTC. Trader QT, a partner of Luna Classic Labs, stated this is an initial investment.
It resulted in a 100% jump in USTC price, with the community noting a breakout above resistance. USTC witnessed a further pump as investors also poured money into USTC. It triggered an upside move in the Terra Classic (LUNC), with traders noting a massive increase in liquidity and trading volumes.
Binance Futures launching the USD-M USTC Perpetual Contract with up to 50x leverage sparked further rally. USTC price climbed nearly 400% in two days. The announcement further raised community sentiment, while also speculating whether it was already known to some investors as the Terra ecosystem tokens witnessed sudden rallies.
LUNC price also jumped and made a 60% gain amid the events. The price is currently trading at $0.000119. The 24-hour low and high are $0.0000787 and $0.0001256, respectively. Furthermore, the trading volume has increased by 1120% in the last 24 hours, indicating interest among traders.
USTC price trades at $0.055, paring earlier gains to 191% in the past 24 hours. The 24-hour low and high are $0.015 and $0.068, respectively. The trading volume has also slid briefly after Binance’s USTC perpetual trading announcement.
LUNCUSDTLUNCUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.000088.
What you guys think of this idea?
Terra Luna Classic Proposal For v2.3.0 Upgrade Officially PassedTerra Luna Classic proposal for the v2.3.0 upgrade has been approved by the community through governance voting. The on-chain deployment of terrad client v2.3.0, also referred to as “v6” incorporates dynamic validator commission module. Traders reacted immediately to the passing of the proposal with LUNC price rebounding again.
Terra Luna Classic Community Passes v2.3.0 Upgrade Proposal
The Terra Luna Classic community has approved Proposal 11874 “Upgrade to v2.3.0”. The proposal aimed to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power.
The scheduled upgrade height is 15493370, anticipated to happen on November 20 at 11.19 AM UTC, according to data by StakeBin.
The proposal has received 93% “Yes” votes and 7% “Abstain” votes. It indicates the community has unanimously favored the proposal for dynamic validator commission.
Among the 60 validators who participated in the voting, 58 validators have favored the proposal. This includes top Terra Luna Classic validators including All nodes, Interstellar Lounge, Happy Catty Crypto, Terra CVita, and Inter stake One.
LUNC Price Surges
LUNC price jumped 1% after hitting a 24-hour low of $0.000074, with the price currently trading at $0.0000758. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders.
LUNC price rebounded amid the market-wide recovery, up nearly 40% in a month. Meanwhile, USTC price trades at $0.013, up 20% in a month.
LUNC ANALYSISHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LUNC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
$lunc he Terra Luna Classic community has unanimously passed the proposal to disable USTC minting and reminding through raising Tobin tax to 100%. The community and developers are making several efforts to repeg USTC, ultimately helping the revival of the Terra Luna Classic chain and LUNC token. LUNC, USTC, and even LUNA witnessed a rally in ????
Terra Classic (LUNC) Monumental Price Surge.Terra Classic (LUNC) is currently showing promising signs of a substantial price breakout. With a 3D breakout pattern in progress, investors are eagerly anticipating a significant move that could potentially result in extraordinary gains.
One of the standout features of Terra Classic’s recent performance is its commitment to following a consistent trend. Building on the momentum of previous breakouts, the cryptocurrency has maintained a steadfast trajectory towards its target price of $0.000593. This dedication to the established trend is a promising indicator for buyers.
A Potential 720% Price Increase
price surge for Terra Classic is a strong possibility of a remarkable increase of over 720%, which could translate to an increase of more than 8.1x in value. If this projection holds, it could bring substantial profits for those faithful to LUNC.
Terra Platform’s Momentum
Furthermore, Terra Classic’s performance reflects a broader trend within the Terra ecosystem. The Terra Platform, which Terra Classic is a part of, seems to be on the verge of a massive recovery. This resurgence could position Terra as a dominant force in the cryptocurrency market, ushering in a new era of innovation and market influence.
A recovery from the surprising crash could be one of the most remarkable stories in the history of the crypto market.
While the cryptocurrency market is known for its volatility, the forecasted monumental price increase for LUNC has generated significant excitement among investors and enthusiasts.
LUNC is currently trading at 0.00009149, up 39.02% in the last 24 hours. The digital asset recently experienced a surge, after a major announcement from Binance.
LUNc After First Successfull Trade, we Open Again another One. Let's embark on a thrilling journey through the intricacies of LUNCUSDT! 🚀 Join me as we dissect its price movements, uncover potential patterns, and reveal the hidden gems that could drive your crypto portfolio to new heights. Get ready for an in-depth analysis that's packed with insights and tailored just for you
Welcome to my channel! Dive into the world of cryptocurrency with daily technical analysis, where we explore the latest market trends and uncover potential opportunities. From Bitcoin to a wide range of altcoins, I'm here to provide you with valuable insights and predictions to empower your investment decisions.
Please remember that crypto technical analysis is a powerful tool, but it's not infallible. It's essential to consider a holistic approach to your investments, taking into account factors like overall market trends, economic conditions, and information dissemination. This channel is dedicated to expanding your knowledge and fostering meaningful discussions.
Join me for the most up-to-date analyses, and don't forget to engage in the conversation in the comments section below! Remember, this content is for informational purposes only and should not be considered financial advice. Always use it as a part of your broader investment strategy."
LUNCUSDT1-Apply your own risk management.
2-Daily and Weekly Targets
3-Hunt the profits at any level you see convenient for you.
4-Gonna LONG IT WITH 7LEV 20%Budget
have a good day guys.
LUNC INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that LUNC has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
🔥 LUNC Falling Wedge Break Out: Short-Squeeze Potential! LUNC has been massively shorted over the last year, and with good reason, since the token is practically dead.
However, this amount of shorting poses a risk for the bears. If we get more bullish price action in the near future, the amount of shorts being squeezed (liquidated) could result in a huge bullish move upwards. For now it's just speculation, but it's certainly a possibility.
At the moment, I'm looking at the 1-year falling wedge pattern that has just broken bullish. This is the best case for the bulls in at least a year, very interested where this break out will bring us!
LUNC Growth Spurt: Buy Your Ticket to Profit!"Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
ATR BULL ATR at 1035 Pips on a 1 month chart then I downgraded to a 1 week chart to get a broader look.
Currently a VOLATILITY CONTRACTION on current candle. Swing high & Low.
This will give you on a long run on what to expect on a 1 month chart. Meaning; wait until risk reward ratio is complete. You’ll have ups and downs on the way but on its way to the top.
ATR’e don’t lie.
LUNCUSD ❕ break outLUNC broke up 50EMA (1H TF)
50EMA broke up through 200EMA (30m TF).
RSI is moving in the buying zone.
I believe the chart will continue to rise if it holds above the support level.
LUNC SPOT or 2x CALL This is a High Risk Trade, setting stop lost is a MUST. Breakout entry: 6335. I have stop at -8% for Spot. -16% at 2x Leverage. Let's manage our risk trading at Max 2x. Leverage.
Good Luck.
Unleash the Bulls: LUNCUSDT Strategic Move Profitable Horizons!💎 Attention Paradisers! It’s time to gear up for a golden opportunity! We’ve observed LUNCUSDT making remarkable progress, positioning itself in a demand zone and setting the stage for a bullish surge.
💎 The breakout is a beacon of hope, indicating a potential shift in market sentiment and signaling an impending bullish phase!
💎 Just a few days back, LUNC went through a significant dip following a structural break. But now, it seems to be on the rebound, regaining its bullish momentum. The vrvp is displaying considerable volume, reinforcing the bullish perspective.
💎 For those contemplating a trade, don’t forget to implement a proper stop loss. Aim for a stop approximately at 1.75% and tread wisely!
Let’s stay sharp, make informed decisions, and embrace the profitable journey ahead!
LUNA idea | LUNCUSDT signals "UPDATE"No Comments!
Use technical analysis to identify potential support and resistance levels.
Place stop-loss orders to limit your losses.
Take profits when you reach your target.
Be patient and don't expect to make quick profits.
It is also important to remember that non-volatile markets can be unpredictable. Be prepared for the possibility of sudden movements in stock prices.
Good luck!
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
✅ Pls send me the name of the currency pair or index that you intend to review and analyze.
