G'day,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. LUNC Burn
5. Information on Lupa.
A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Short due to the overall monthly supply in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - shorts are held.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bullish move. The Technicals at play during the current time will be extremely dynamic - however the pathway has established a strong demand. Now the slow process is gearing up.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Orange = Daily
White = Structural move down
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Daily chart
Potential channel breakout
Structure left - does not provide much help in this instance where the Floor Cap has been created.
However key takeaways on the
Four day Demand
Weekly
Weekly candle of pure drama where the collapse occurred with failure to peg the stabilize UST and Luna with collateral as BTC holdings. The minting and burning of converting Terra to Luna also contributed to the price collapse with a death spiral with the ever increasing supply being created. The balancing mechanism provided a clear imbalance which needed addressing but failed to be maintained. This has lead to the new Luna Classic token to be established with holders converting previous Luna Tokens being converted into Luna Classic or LUNC.
Token Burn tax of 1.2%
"Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for on-chain transactions of LUNC and USTC on Terra Classic network." - creating this burn taxation upon deposits, withdrawals will allow the overall supply of tokens circulated to create a scarcity as now a finite ever reducing supply is in effect. The demand creation from said shrinking supply availability like BTC possesses will in turn create a bullish demand for holders and in the long term price action will be reflected to price points (all be it, target prices will vary) due to a multitude of variables such as, inflows, volume traded, staking of coin supply to remove from circulation, time, holders to maintain longevity, supply reduction and transparency).
https://www.binance.com/en/support/announcement/1fa5164b86614109a30ab26f1ff9b709
Do you enjoy the setups?
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. LUNC Burn
5. Information on Lupa.
A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Short due to the overall monthly supply in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - shorts are held.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bullish move. The Technicals at play during the current time will be extremely dynamic - however the pathway has established a strong demand. Now the slow process is gearing up.
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Orange = Daily
White = Structural move down
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Daily chart
- Price has been squeezed once the floor and has also provided analyzing structure where a Symmetrical pattern had created the strong upside which was presenting itself.
- The latest - price has created a Pivot demand for a single candle creation - at 0.00017XX lows. The previous supply had also established a pivot single candle rejection from the 0.007X and rejected.
Potential channel breakout
Structure left - does not provide much help in this instance where the Floor Cap has been created.
However key takeaways on the
Four day Demand
- Price has established a nice pivoted demand which on the 2-4 day chart has indicated a PCP zone which is now a FL zone (subject to price action and confirmation rules). The pink line represents the imbalance where price has successfully closed out with the high at 0.00017XXX
- The Four day chart eradicates the noise - all be it at current the price action is still currently forming so this technical analysis is still early, however a strong floor has been created and price action. The technical patterns thus far have created a 'Strong engulfing candle' which allows the impulsive pattern and a great slow tail off in a corrective pattern forming, allowing the low to form which aligns with structure (looking left). Key lows - have formed at the weekly zone.
Weekly
Weekly candle of pure drama where the collapse occurred with failure to peg the stabilize UST and Luna with collateral as BTC holdings. The minting and burning of converting Terra to Luna also contributed to the price collapse with a death spiral with the ever increasing supply being created. The balancing mechanism provided a clear imbalance which needed addressing but failed to be maintained. This has lead to the new Luna Classic token to be established with holders converting previous Luna Tokens being converted into Luna Classic or LUNC.
Token Burn tax of 1.2%
"Terra community has passed Proposals 3568 and 4159, which will introduce a 1.2% tax burn for on-chain transactions of LUNC and USTC on Terra Classic network." - creating this burn taxation upon deposits, withdrawals will allow the overall supply of tokens circulated to create a scarcity as now a finite ever reducing supply is in effect. The demand creation from said shrinking supply availability like BTC possesses will in turn create a bullish demand for holders and in the long term price action will be reflected to price points (all be it, target prices will vary) due to a multitude of variables such as, inflows, volume traded, staking of coin supply to remove from circulation, time, holders to maintain longevity, supply reduction and transparency).
https://www.binance.com/en/support/announcement/1fa5164b86614109a30ab26f1ff9b709
Do you enjoy the setups?
- Professional analyst with 5+ years experience in the capital markets
- Focus on technical output not fundamentals
- Focus on investing for long term positional moves
- Provide updates where necessary - with new updated ideas tracking the progress.
To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII