Luna Supported by Fib 0.618 ( 1h )(( please read the description ))
Hello friends and companions of Trading View
The Descending triangle was broken down and the support zone was tested, buyers were able to raise the price above Fib 0.618 in the short term, now trades have accumulated in the Fib range of 0.5 ~ 0.618.
If buyers can provide the necessary support and cross the resistance of $ 0.00037 with a high purchase volume, we can hope to test the resistance.
Trading volume is low If negative news, bitcoin downtrends and indices continue, there is a possibility of re-testing the support area based on the sentiment of the herd.
tip :
* The first Target is to defeat the resistance, Profit can also be in resistance.
* MACD (Low buy)
* RSI is in the sales zone
* Trading volume is very low (probability of testing lower prices)
* The herd trades based on emotions
* Bitcoin is highly dependent on Indices ( S&P )
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
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* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
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********************************* pay attention ****************************
For stress-free trading, see Bitcoin price trend, Bitcoin is effective in all trades
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LUNA
Anatomy of LUNA's technical breakdown - a painful meta-analysisLUNA (and UST) rocked the (crypto) markets last week, and hogged the headlines. There were many who got wiped out, and the prospect of recovery appears very remote, if at all.
Here I would like to share why I chose LUNA to be a major part of my portfolio, entered and managed the trade (I would not term this as an investment, really). I hope that this sharing can be a good starting learning point of some fundamental factors that we all need in risk management.
Luck comes along with hard work and preparation, so just keep at the good stuff, always.
For the early part of 2022, a triangle pattern was forming with LUNA, following LUNA's surge in late 2021. Had missed the breakout in late February and had to wait for some pullback, which was shallow. Entry was taken as there was about 50% more of the projected target (see green arrows). MACD and RPM was favourable at that time too.
A surge pushed LUNA closer to target and about 60% was taken off, since entry was significantly large of my portfolio, and this was redistributed elsewhere.
A retracement took place and almost closed the trade, but one day more made a difference with yet another surge. This time, it got closer to the projected target but retraced just before. Had decided to project the next target level, and kept trade open for the time. LUNA was performing well about this time too, so that was a consolation.
In early April, again, it failed to reach projected target and I had decided to allow this to bake longer as the remainder of LUNA that I had, I was willing to hold longer.
Then the technical breakdowns started...
It returned to the near the entry price, and if it went below further for a day more, I would take it off. Yet again, a surge off that (critical) support level happened. It was very clear that this is now my OSL... LUNA spiked to break above the 55EMA, and reach a resistance in three days, and then consolidated, as bullish technicals faded away slowly.
Yet another retracement was effected, after a lower high, no less, and tested the critical support OSL again. A short bounce ensued, and this time, as it failed the resistance, and perhaps more importantly, the 55EMA. Furthermore, the RPM was turning bear, adn MACD was weak. So, I decided that it was enough.
Closed out the last 40%, meant for longer term hold, and walked away happy.
Started to take notice that LUNA was getting into the news, initially saw UST, and then LUNA got mentioned more.
Barely two days after closed trade, LUNA depreciated so much that it was clear something was not right. Technically, the bears were moving and fundamentally, some serious shit was happening.
Then it broke the critical support, aka OSL.
And that was it... free fall.
Then we started reading about many who lost fortunes from this breakdown.
Few personal takeaways I have to share, in good faith:
1. It is a trade, not an investment, so keep an eye on crypto positions always. Volatility is part of crypto and it must be accepted, monitored and managed;
2. Read more about what you buy, and keep abreast of its developments. Apparently, a lot about the UST peg was criticized, and admittedly, I read none of those prior;
3. Have good technical analyses and keep a simple set of rules for engagement;
4. If always make sure your tokens are nimble, even if you are staking. A quick retrieval to sell off if and when required is needed. The amount of time you need must be overestimated, and so you know that you need to act eariler, rather than later; and
5. Always have that sacred OSL , and respect that if it is ever broken, you also need to break off the trade.
The last point is by far the MOST IMPORTANT takeaway.
I kept to mine, and it saved me, unwittingly.
Many others, even in the equities market, have asked of late, what to do...
Thing here is, we need the solution before the market tanks; we know the solution(s) too. So, need to form the habit of letting go when it is time, so that we are free to move along and recover.
As we go through the next weeks recovering our wounds, I hope that you find it in your spirit to understand what happened, both external and internal. And we can only control the control-ables (internal), namely, our actions. So develop a set of steady rules, keep to it, and always have that OSL. It is a live saver.
I shared the above, in good faith, as I think it need to put out my learning points of the weekend. I do beg your pardon if it rubbed on sore points, and if it did, it means it needs tending. Read, analyze, and discuss... I believe that there is enough of a community there to help each of us get better.
2022 is a more volatile year, good for those who know how to manage.
God bless and take care.
LUNA/BUSD Daily TA Cautiously BearishLUNA/USD Daily cautiously bearish. LUNA currently having a Scarface moment, "You think you can kill me with bullets?". The Revival Plan posted by Do Kwon with help from the Lunatic community shows that perhaps there is enough support to have Luna rise from the ashes, but whether or not it ever reaches its previous ATH at $120 without removing or significantly modifying the UST:LUNA peg aspect of Terra is TBD. Recommended ratio: 5% LUNA, 95% cash. Price is currently trading for fractions of a cent ($0.00025748) just above max bottom as it has become a "meme coin" that some investors are betting big on recovering. Volume remains extremely high and is becoming more fairly balanced between buyers and sellers as it is attempting establish a new base. Parabolic SAR flips bullish at 30, this margin is bullish. RSI remains flat lining at the ATL of 14.25 for the fifth consecutive session. Stochastic also remains flat lining at max bottom. MACD is currently printing a new ATL at -24.65 and is beginning to form a trough; this is mildly bullish at the moment, though it would need to break out above -18 for a bullish crossover. ADX is currently trending up at 45 as Price remains near 0; this is bearish. If Price is able to break out above $0.01, then the next resistance is at $0.27. However, if Price stays below $0.01, it can trade down here for a while until LFG figures out the best way forward. Mental Stop Loss: (two closes above) $0.01.
*I'm using BUSD because the chart I had been doing LUNA/USD TA on was broken when Binance delisted that pair*
**You should only invest what you are prepared to lose into LUNA at the moment because it is currently still unclear how they plan to move forward**
LUNA / USDT 30 Min Chart Looks like a fresh KST crossing the 0 line.
VWAP anchored to 13 may 2022 seems to also be holding.
Im trying to build a chart here with these trend lines.
Still seems like a lot more room to fall. lol.
Jesus Love You.
THE GAME PLANComing into tough resistance at 31.3-6k area.
Watch for reclaiming of 31.3k
Also watch for the breakdown on the chart. It's what we're hoping happens.
Stop losses at 31.684
Goodluck, bet responsibly.
LUNA BREAKOUT! ROUND 2??? We can only hope so!LUNA has been in a steady declining channel since yesterdays impressive gains. We can see here that LUNA has been on a cool down since yesterdays dash up. If you will look inside the channel you will see that nowhere until now has it made any significant break to go back up. Until now.. if it holds till the top of this channel and goes over the drawn purple descending line we should be on to round two and our end goal of One dollar. Do I think one dollar is possible? It is possible (if large burns happen of coins in circulation) is it probable ? No.. My Target is 0.01 cent . Which is still massive gains. Lets hope we break out of this descending channel now ! Everyone who is saying that this project is dead probably just lost a **** ton of money, didnt buy back in , and is hating everyone from profiting from the crash. Do not be talked out of this epic opportunity! And everyone who lost everything I am EXTREMELY sorry and my empathy goes out to you , but hopefully you can throw in what ever you have or have left and ride this wave back up and recuperate most if not all of your losses. It's never over, there is always another opportunity just around the bend and I think that this could be ours ! Cheers to financial Freedom! lets Pump this shit to a penny and then some!! ALL BUYS NO SELLS ! Lets get rich!
Luna 100% up? Maybe in a few hours..Check this possible setup, we need volume but as time goes and we keep trending up it will come.
$LUNA Terra Long Setup (+36% Target)Monitor resistance and volume entry, if no volume probably it's fake.
Terra could possibly go 37% Up if the broadening wedge is broken, check both resistances. Trade with care, risk what you can afford to lose only. Risk managment is the most important way to cover yourself from unrecoverable losses.
LUNA This is what I expect from Luna a bullish correction consists of 3 waves so far
but not expected to hit 1$ these days maybe after solving their issues
BITCOIN LONG TO $33,340This here is currently one of the trades we are taking in the Crypto Fund for my investors. Placed the trade a few hours back and currently running 130 PIPS in profit📈
Still 200 PIPS more left to the upside, so feel free to place long positions and profit too👀 Drop a like and let me know what you think!
LUNA Target 0,22 - The RE-TURN - Luna had this before also Luna is into a hard time, and most have seen what happened the last few days.
There is no guarantee in markets, but out of this all there is a good chance that Luna will get some price action.
Those who did buy at higher, know already that it's not a good idea to sell when there is a 99.9% loss - but it will stay a personal choice.
The things could change Luna to better price action.
1. Binance - could fund Luna, as binance doing this with more projects by CZ.
2. investment from other partners
3. Good news from the team about a good solution
And more.
In 2020 Luna had around the same situation, and get solved.
At this moment the team wants solve it, and try their best to get Luna on the level.
Targets: if we look at the targets, it's possible that Luna can hit the 0,22+ as the first target- this could happen when there is good news.
And best one if there is a high FOMO effect of 0,41
DODOUSDT - BULLISH SIGNAL UPDATE!!As you all know, DODO is not performing well from last 11 Months and according to the Chart patterns, BULLISH Pattern is formed, Breakout formation is also nearly there and also indicators e.g. RSI showing bullish signal.
DYOR Before taking trade, as I'm not responsible for your loss.
RISK FACTORS:
Market/ BTC CRASH
Duration:
MID TERM TRADE (2 - 6 Months)
Happy Trading :)
Good Luck!
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Binance Smart Chain ( BSC ): 0x69Ea86D0f6B762fC36A322b0C833D2bd04534b3d
TERRA LUNA- Symmetrical Triangle In Play 10-15x Returns ShortermHello everyone thanks for checking out my chart. So what happened to LUNA is a tragedy and I really feel for everyone who has lost in this stupid mess. I didn't hold any LUNA pre-collapse but I have been trading it and making some serious gains in a short period of time. I don't think LUNA will recover anywhere even close to where it was, or even 50 cents. I think LUNA will max out at maybe a penny but thats wishful thinking too. You gotta think the supply now for LUNA is around 10 trillion if not more I couldn't find a solid source for it. With that many coins even at 50 cents the market cap would be more than double that of the total market cap of crypto which is not feasable at this time. At a penny it'll still be 60 billion dollar market cap, if I did the math right, and even at that price it would need some serious confidence from investors to be able to reach that and stay there in the top 5 of the crypto market. What I think will happen is it may bounce off a penny but essentially the coin is dead, it never really had any real world use case to begin with and just a bunch of pipe dream promises. Eventually all exchanges will delist it once the trading volume isn't worth it to them anymore. Once that happens it will fall off the map and be in the end of coinmarketcap with all the other dead projects. There is no way to fix this problem logically, if there was they would have implemented the fix already. There is also a lot of stories saying that there is over 10,000 Bitcoin worth of reserves is unaccounted for which raises lots of suspicion. In my opinion this was a planned exit scheme and there will be charges to follow I'm sure. The United States will crucify the bad actors in this ponzi and hopefully make an example out of them for how many people the robbed!
Anyways I'm not investing long term in this at all but I will trade these bounces. Trading volume is high right now and I forsee a nice run up to about .0026 which is about 10x where we are now. There will be a nice bounce because of everyone thinking they are getting in cheap and are holding hoping for a dollar or 60$ lol without realizing how much the total market cap would be at those prices with the supply now. I wouldn't listen to all that garbage to buy and hold its the same crap that people were saying when Bitconnect took a 5hit. Don't jump onto sinking ships.
This is just my opinion and not trading advice. Thank you for looking and if you find this content helpful please follow me and comment below your opinion. Thank you
Luna for another 100x pump after the BIG CRASH!!Since luna pump after the big crash, we see a retracement after it goes to 0.0059$ ( from $0.000000999967 )
Now after its reached to Demand Zone at 0.00017% its start to goes up again.
Target is the SUPPLY ZONE in 0.04$.
There are some traders mentioned that we need to reach that price to consolidate the present Market Cap
Also, We need a Break of Structure to consider this Pump. Lets see
DISCLAIMER: Please Do your own technical analysis and make this chart as a guide only.
