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LUNAUSD

Luna is undergoing distributionThere are quite some Luna maximalists in here, chanting "Such fundamentals, very moon!" since the start of the run up, but unfortunately no asset escapes the laws of the market. Citing an iconic Japanese trader: "people trade according to market sentiment rather than fundamentals". In our case, this means that if bitcoin breaks down and panic starts, people will want to protect their money regardless of the fundamentals. I am not a fan of drawing lines that the price action would follow, since I just don't like to predict a certain target at a certain time. If arrows on my chart there are, it's either the prolongation of a known theoretical schematic (like Wyckoff accumulation/distribution), or just to roughly convey the direction the price action could take when it's reasonable to guess it. Anyway, finally getting to the point: I think Luna could be undergoing Wyckoff distribution (in phase B at the moment), after a powerful run up, I have easily identified a couple of steps of the distribution schematic (PSY: preliminary supply, BC: buying climax, SOW weakness, and UT upthrust so far). I choose to post a Wyckoff idea only if I've been able to easily identify those steps, and that they are well placed according to the schematic which seems to be the case here. So, as you've understood, I am not saying the price will follow those lines at all. It will certainly go down at some point, although it could be faster than what I've drawn on the chart. The only thing you have to do is just keep track of the pa and compare it to that schematic because the longer it acts according to it (i.e., if it ends up taking one of the two routes I've drawn utad or lpsy), the more the outcome will be predictable, and so, tradeable. There is no magic trade technique I believe. Just be ready to spot when the ultimate weakness in the price action happens before it goes down.
by relievedHawk1
Luna looking like a good long set upFolks are saying the price target is 109 but I really don't know. All I can tell is by volume and how its holding along with RSI pattern... this is more long than short. Be careful though. It's definitely a spot trade. Will be updating as I go. This baby about to liquidate tf out of shorts. The elites are bitches for this one lmao I am an intutive trader, I trade via spiritual shifts as well. Sounds bizzare to the standard but if you are reading watch. Manifesting abundance to all that remain righteous. Lets get this money.
Long
by jasdabunny91
3
Trading plan Terra (Luna)This plan is made by the consideration that Bitcoin will break down. Terra (Luna) appears to be in an irregular flat correction within a regular ABC move up. You have 2 types of Elliott wave analysis. 1 with harmonic waves (abc waves within a large 12345 structure/ or 12345 in a ABC) and 12345 waves within a large 12345 structure. Terra (Luna) is made with the harmonic analysis Trade plan: 1) Ladder shorts at the given resistance with the first arrow. Only place stop losses once Bitcoin / Terra (Luna) starts breaking down. Otherwise you will be stopped out the whole time This is not financial advice, purely for educational purposes only. Kind regards, R
by TrebborSnampook
1
LUNA overall analysis and predicionHi, I try to post often so if you could follow and like it would mean a lot to me. I am also posting SOL and FTM charts today. LUNA just hit a new ATH and now I am sure that is the time to short. The coin had a bearish divergence in the 1D chart and in the 4H chart. After correcting to that level (91$) LUNA still have plenty support to go down. My target is 78$, and after that only BTC can dictate the future of altcoins. LUNA will probably moew sideways in the next days, but overall I am bearish. The EMA's on the MACD are about to cross and that is a confirmation that you need to short a coin. Trades are very risky right now so be careful with how you manage your portfolio. Comment what you think and check my other ideas. I stream weekly on TradingView, and my next stream is on Friday at 4 pm UK time. Be there!
Short
by Devan-CryptoCharts
1
LUNA - Long and Short with these 2 scenariosBYBIT:LUNAUSDT 1H trend chart - LUNA is consolidating as a possible cup and handle on 1H. Also, it could be a double top as well. So we can long or short it depend on the direction it goes in near future. And judge the timing with downtrend line(for long) and uptrend line(for short). 2 Trading strategies as below. - Open Long Profit Targets: a) 104.495----Fib(1) b) 107.825~109.175----Fib(1.272~1.382) c) 112.060----Fib(1.618) Stop losses: a) 95.250----Red horizontal ray - Open Short Profit Targets: a) 92.250----Fib(1) b) 88.855~87.480----Fib(1.272~1.382) c) 84.535----Fib(1.618) Stop losses: a) 104.495----Red horizontal ray - If you like this analysis, smash the "like button" and leave a comment below to share your thoughts or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
by EthanTW
3