cryptoblockmeta

TERRA-LUNA's Community Seems To Be Its Greatest Asset #defi

Long
TERRA-LUNA's community seems to be its greatest asset right now - This suggests why it has performed in ways that not many other Cryptos have in recent time.

Luna Foundation Guard Report:

The Foundation is looking to use its remaining assets to compensate remaining users of $UST, smallest holders first.

As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets:
· 80,394 $BTC
· 39,914 $BNB
· 26,281,671 $USDT
· 23,555,590 $USDC
· 1,973,554 $AVAX
· 697,344 $UST
· 1,691,261 $LUNA

As of now, the Foundation’s remaining reserves consist of the following assets:
· 313 $BTC
· 39,914 $BNB
· 1,973,554 $AVAX
· 1,847,079,725 $UST
· 222,713,007 $LUNA (of which 221,021,746 is currently staked with validators).

Analysis (Fibonacci Extension):
1. After breaking the resistances 61.8% & 65.00% (golden & yellow lines), LUNA reached a new high of $0.0006 from bottom.
2. It failed to flipped (61.8% & 65.00%) to support & on the downtrend since then.
3. The 50% & 38% supports also failed-
4. Currently attempting a retest of 38% fib level.
5. If it will go upward or downward depend on the outcome of the retest at 38% fib level.
6. Also pay close attention to the volume.
7. Technical Analysis should be followed cautiously for the time being since the crash was due to high level manipulation until the revival steps by Terra Luna Foundation prove successful.

Today is a new day it doesn't matter what happened yesterday - Success is possible if you try again.

Be fearful when others are greedy & greedy when others are fearful.

Do not forget the historical wise saying, "Never invest more than you can afford to lose."

Not a financial advise, I suggest using this only as a guide - Do your own research.

If you have any questions, kindly write in comments below - I will answer them.

Kindly support this idea with your like and comment, thank you.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.