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Terra

Terra Luna price forecastHello. The analysis of Terra Luna follows, looking at the graph against the Dollar and Bitcoin at the same time. (I think it's a fantastic project with enormous potential to grow... its MarketCap is still smaller than that of ShitCoins like Dodge, Shiba and XRP, which doesn't make any sense...) LUNA/USD The price continues to respect the exponential moving averages of the maximum prices of the last 9 weeks (green), 21 (blue) and 50 (orange). The average of 21 served as support twice holding a bear trap. In addition, we have a long-term bearish ascending wedge. I believe that sooner or later the price will break up and then down (considering the context of the LUNA/BTC chart). This may take some time...I believe it's on the purple line on December 20th. The price could reach up to U$70 in an optimistic scenario, and U$125 in a super optimistic scenario. And in the end-of-the-world scenario, the drop would be up to US$23. LUNA/BTC Nowadays, it is difficult to analyze an asset only against the Dollar or any other inflationary state ShitCoin that only loses value. Therefore, it is very prudent to analyze its real value in relation to Bitcoin. So, in the graph against Bitcoin we also have an ascending wedge. If the price follows the uptrend and hits the resistance line of the wedge, which coincides with the Fibonaci target at 78%, we will have a rally of between 50%~70%. In a super optimistic scenario, we would have a rise of 150%. When the buying force is exhausted, the price will break the wedge down. Summary Considering both charts, the scenario is optimistic, however there will be a certain period that it will be good to be aware of if there is a strong correction after the uptrend exhausts. Good winds!
LLong
by andre_007
Potential Metaverse gemMetaverse projects are going parabolic this weekens with the announcement of the Facebook rebrandind structure. Theres about 3 billion monthly Facebook users, with only a fraction of these rasping the possibilities of the metaverse. With parabolic rises and still low amount of metaverse interaction i see a huge potential in this crypto sector. I see a HUGE opportunity if this retraces down to meet the POC, or the support level below. Other than that a breakout trade should also be primed.
TLong
by PatrickTraderr
1
LUNA trades at $44.77Terra is another top crypto to buy. Built on the Cosmos blockchain, Terra protocol is a comprehensive, end-to-end payment solution that leverages stablecoins to power the global payment networks. So far, the protocol has attracted interest from several payment solutions of over 15 initial partners, with a combined $25 billion in gross merchanised value (GMV) signing up with the protocol. The Terra blockchain has been on a tear in the last few days with the successful launch of the Columbus-5 upgrade. The upgrade meant to enable seamless transfer of Terra’s stablecoin TerraUSD, LUNA, and other digital assets between networks are seen as a long-awaited answer for the protocol’s stablecoin expertise. Also, the expected burn or permanent reduction of 10% of all LUNA tokens has lent more wings to the protocol’s growing popularity. The impressive fundamental of the coin has seen LUNA surge in the last week with over 19.80% weekly gains recorded by the protocol. At press time, LUNA trades at $44.77, up 3.76% in 24 hours. LUNA’s MACD shows that the digital asset is trading on the buy zone.
L
by BernardMikhail1
Terra vs Tether Chart Analysis (LUNAUSDT #5)This is exactly contrary to what we just saw with BANDBTC. BANDBTC is trading near its All-Time Low, which makes the chart look great for bottom price buyers like myself. Instead, LUNAUSDT is trading near its All-Time High... Something that we do not prefer and we definitely do not trade but there are different methods, different strategies, different trading styles... Here is what this chart has to say. The LUNAUSDT chart has bullish technicals all across. We have a strong RSI and are in the middle of a very strong bullish run. On the 4-Oct. week we had a bearish close. Something to look at for at this level but the bears are not strong. Bear volume is pretty low and prices remain trading above EMA10. As long as LUNAUSDT is trading above $33.80 - $34.60, a strong bullish potential remains. With additional bullish growth, we aim at $52, $71, and $82, it can go much higher... Additional targets can be $111 and $152. Main support levels based on the previous bearish wave would be around $15 in the range between $13.90 to $19.60. Where do I see this going? It can easily print another leg up before any strong correction shows up... But don't blame me if this doesn't happen, this is not my type of chart. Remember, I am all for low risk and high potential rewards. Namaste.
by AlanSantana
3