LUNA
LUNA technical Or Market sentiment #LUNA Technical Analysis:-
#LUNA 1.0 = 100% Dumped from ATH
#LUNA 2.0 = -90% Down From ATH within 13 Days.
What's TA..?
If hold $2 support then we can see $7 in Coming Days otherwise Ready for #LUNA 3.0
A lot of buyers have come to the party (Exhaustion gap + 600%)Hi everyone.
As shown in the chart, a very sizeable gap in prices is created. what might this be?
Breakaway gap: Breakaway gaps often occur early in a trend (show conviction in the new trend direction).
Runaway gap : A runaway gap is when the price opens significantly higher than the prior close in an established uptrend (S&P500).
Exhaustion gap: exhaustion gap occurs near the end of a trend (An exhaustion gap signals a reversal in trend direction).
A bullish exhaustion gap occurs near the end of a downtrend and is caused by a final group of sellers, who regret not having sold prior*
Tatget= a move equal to the size of the gap (+ 600%)
*A bearish exhaustion gap works exactly the same way but in reverse.
Terra Analyze (Zigzag Correction)!!!🧐Hi, Luna is running in Zigzag Correction (5-3-5). It completed its main wave A by Leading Expanding Diagonal , and now it wants to find the end of main wave C in the Support Zone (6.5$_6.18$).
Terra Analyze (LUNAUSDT) Timeframe 15min ⏰
The structure of microwave 4 of main wave C can be a Symmetrical Triangle .
🔴 Resistance Zone : 7.63 $ until 7.48 $
🟢 Support Zone : 6.5 $ until 6.18 $
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
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LUNC Terra Classic Ponzi SchemeThe collapse of Terra's LUNA and TerraUSD cost investors over $40 billion.
Some of them lost their lifetime savings, others lost borrowed money and some even committed suicide.
This project made investors lose trust in the crypto space as well.
The CEO of Terraform Labs, Do Kwon, is facing criminal charges for building a Ponzi scheme in South Korea, Terra investors being victims of fraud. Billionaire Bill Ackman also considered the project to pyramid scheme.
Do Kwon was the one behind Basis Cash, another failed algorithmic stablecoin in which people lost $54 million.
Terraform Labs also lost US Appeal Securities and Exchange Commission Subpoena.
I don`t see a future for this project.
There is a chance that its founder, Do Kwon, end up in jail if the criminal charges for building a Ponzi Scheme will turn out to be true.
LUNA Ponzi SchemeThe collapse of Terra's LUNA and TerraUSD cost investors over $40 billion.
Some of them lost their lifetime savings, others lost borrowed money and some even committed suicide.
This project made investors lose trust in the crypto space as well.
The CEO of Terraform Labs, Do Kwon, is facing criminal charges for building a Ponzi scheme in South Korea, Terra investors being victims of fraud. Billionaire Bill Ackman also considered the project to pyramid scheme.
Do Kwon was the one behind Basis Cash, another failed algorithmic stablecoin in which people lost $54 million.
Terraform Labs also lost US Appeal Securities and Exchange Commission Subpoena.
I don`t see a future for this project.
There is a chance that its founder, Do Kwon, end up in jail if the criminal charges for building a Ponzi Scheme will turn out to be true.
WILL THE FIAT WHALES EXPLODE HOT(HOLO) TO THE MOON?Hot ( Holo) looks into a side of technical analyses very interesting for the possibility to have a whale increase, but at same time knows we are still into breakdown trends on most of the markets. learn from historical trends.
BTC is the main coin, on this reason, there is no guarantee in markets, and on every trade, you invest make sure there is a risk management ready, we have seen from history trades what can happen, also from Luna and more coins.
Back to Holo
It's not about the new network holochain for the web3 that is that seems to be ready, and where there can be some interest for the price action, but it's about a point where are now, that could be interesting for the whale side.
We are into a golden point for Holo - and with time we will see or this point will get confirmed with an increase as it shows, or we will get the unexpected breakdown.
At last, it's interesting to follow it.
This is not investment advice, all markets could be very risky.
Whale data : Shows interesting for OMG : OmisegoCrypto has seen last times more breakdown trends - it's a time where the most users have low interest in crypto - and same time for whales to choose to best long-term coins.
And it's not my best first choice - but if we follow the whale data - then we see OMG is one of the coins , why is these? the time will and should show the effect.
OMG is known as a coin that had the good times before - and same time we know that ETH founder :
Vitalik Buterin has some work on it before, this could be a partnership or lower - but out of that - always study the markets well - as there is no guarantee into markets.
And we have seen that markets going last times also on the normal stock effect.
This update is only to show that this coin can be interesting coming time, and with time we will see or this will get confirmed.
TIME FOR HOT BREAKOUT? Signal shows possiblityIf we check Hot, then there is a possibility that it can get a new breakout.
This all-around the Techincal analysis
There is no guarantee in any market that a breakout will happen - make only study depending on your choice.
This is not a long-term expectation, but more take profit trade.
LUNA2 USD : TERRA LUNA IS DEAD, GET OUT WHILE YOU CAN! LUNA2 is dead, the company and creator have fallen apart and are being investigated for the massive rug pull they just did. This project is going to disappear like Bitconnect cause everyone involved in the Terra Luna project will either go to jail or end up as fertilizer. Get out while its still worth dollars before it gets to 10 cents! This is not financial advice this is just my opinion. Good luck.
LUNC May be dead, LUNA 2.0 is where it's atEverybody was hyping up LUNC to be the new LUNA but as i've recently found out, LUNA 2.0 is founded by Do Kwon the same guy that founded LUNA. i'm now ditching LUNC and loading up on LUNA 2.0
Every bear market has been a phenomenal buying opportunity Hi everyone.
As shown in the chart , the Luna completed a five leg cycle lower,
with that in mind,
Bull market:
As shown in the chart (black line), the length of the rise to the peak of wave 3, multiplied by 1.236, gives almost (exactly) the distance from the end of wave 3 to the peak of wave 5 (multiplied by 1.618, gives almost the distance from the end of wave 3 to the peak of wave B).
Bear market
In this case, the wave 1 (blue line) decline is the same (is approximately 100% of wave 3- black line), again ...
In each of these markets, the initial measuring unit is the same, the length of the advance from its beginning to the peak of wave 3.
All in all, this (Blue cycle) could have represented the whole correction off the lows.
What next?
A Possible scenario is shown in the chart.
LUNC/USD Daily TA BearishLUNC/USD Daily bearish. *The case for a LUNA or LUNC recovery is getting weaker every time more questions are asked. The SEC is in the process of investigating the issuance of synthetic securities through Mirror Protocol and are now investigating Anchor Protocol (the UST depeg crash). FatManTerra from the Terra Research Forum followed the money and claims that even though TFL says LUNA (2.0) is 100% community owned, they still own 42m LUNA . And former Terraform Labs employees are now saying that Do Kwon either sold (or sent to a private wallet) $80m of LUNA a month leading up to the hack . Recommended ratio: 0.5% LUNA, 99.5% Cash. Price continues to trend sideways below $0.0001 as negative news just continues to pile on Do Kwon and LUNA/ LUNC. Volume remains High (low) and fairly balanced between buyers and sellers, indicating that interest is still there. Parabolic SAR flips bearish at $0.06, this margin is neutral at the moment. RSI has been flatlining at 14.25 for 30 consecutive sessions now. Stochastic is currently crossing over bullish at 84, the next resistance is max top. MACD remains bullish and is currently trending up slightly at -6.51; it is still technically testing -8.46. MACD is currently trending up slightly at 73.57 as Price continues to trend sideways below half a cent, this is bearish. If Price is able to break out above $0.001 then the next likely target is going to be a test of $0.01. However, if Price continues breaking down then it will likely fall closer to 0. Mental Stop Loss: (two consecutive closes above) $0.0001.
lunc⛔Repost⛔
Whoever wants to enter the deal with me, this is your personal responsibility
🔴_ I am posting my own deals that I will enter into
🔴_ If you are satisfied with the profit and loss, I will be glad to join you
🔴warning🔴
Do not enter the trade until you reach the entry price (0.00006430)
Luna Fundamental Analysis (What's happening)
A Malicious Attack (UST---> BTC----> Luna).
(as you know) Luna Foundation has been buying large quantities of bitcoins for some time, ( purpose in doing so was to provide financial support for the UST (the Luna Foundation holding ($ 2.4 billion) worth of bitcoins).
On May 7, 2022, an unprecedented move, $ 2 billion worth of UST tokens were taken out of the Anchor Protocol and several million dollars were immediately sold.
Some have speculated that an attacker attempted ( to break UST in order to profit from shorting bitcoin) (that is, betting on its price going down).
This heavy sale, considered by many to be a deliberate and planned attack, quickly pushed the UST price below $ 1;
which would mean terra's team would have to sell portions ( bitcoin reserve) to repeg the stablecoin (selling this significant could cause the value of Bitcoin to plummet).
They (terra's team) sold ,once investors saw that UST lost its peg, they would then rush to unstake and sell their UST, which would require more bitcoin reserves to be sold, adding further selling pressure. (Bitcoin lost about 30% of its value, and at the lowest level was priced at $ 26700)
But that was just the beginning.
Many expected traders to gradually curb this selling pressure by converting their USTs to Luna on the Tera network.
The second problem was those UST holders who, for fear of a further fall in the value of this stable coin, put their tokens up for sale and accelerated the fall in UST prices.
These events together led to the formation of a crisis in the Terra network, which coincided with the fall in the value of the UST, the supply of Luna’s turnover in less than three days, from about 370 million units to an incredible 6.530 billion units.
Then its value has collapsed in one of the most stunning crypto crashes ever recorded (Over $17 billion in crypto value has been wiped out!).
reference:
cnet.com
News
LUNC LUNA Classic breakoutBroke out of a descending channel and a diamond reversal pattern. Measured move is 0.0000926 of the descending channel. The 1.618 of the diamond reversal is 0.000139.
LUNC community has initiated a 1.5% token burn on every transaction. This should in theory reduce the supply of LUNC to pre-attack levels in a year's time. I don't care about Do Kwon's Luna 2.0, it is just a mean to run away from Luna's failure. It has no Dapps and dev must port them from LUNC which is not going to happen in this market.