After Friday's "decoupling" event, the markets have mostly stayed flat (it feels like there's a lot of confusion and uncertainty in the market as a whole right now) with a few exceptions - WAVES seems to be the big winner today, followed by AXS (Axie Infinity) and ADA (Cardano). XTZ (Tezos) had a very good week this week but at least for today, it seems to be in...
YTD return on Tron still flat or slightly positive. They created #USDD just few days before Luna crisis. Still lots of uncertainty with USDD while there is a high chance it will be another crisis for stablecoin. Given the market condition & risk / reward, Tron give you the best opportunity to go short ! Investors should start monitoring and find a good...
Algorithmic stablecoin UST dropped by 92% and there are still different rumors: the network collapsed on its own or was deliberately destroyed to buy back all the Bitcoins from the Terra Foundation. As we know, about 80,000 BTC were used to secure this stabelcoin. Many holders of UST, just stablecoin(!), have lost about $10B. 📊In order to understand how it all...
The Tron network has figured out how to beat the remainder of the digital forms of money in the midst of the as of late expanded bear pressure. Tron's local token TRX has flooded by more than 25% in the beyond 30 days. In a bid to help this increment the organization is continually executing different consumes. Very nearly 300 million TRX consumed Justin Sun,...
At support Luna had to already react, make retests and hold the support levels whether in sideways direction or V shape recovery. There are no signs of this. This is the Cryptocurrency's END.
Introduction of crypto currencies and blockchain technologies was one of the highest technological breakthroughs, after the invention of the Internet a few decades ago. Initial premise related to these new algorithms and their major product – crypto coins, was that they exist to replace fiat currencies and solve issues that fiat currencies had for many years since...
USDT Dominance :- Looks bad , we could see some breakdown here which will eventually be good for ALTS and BTC. Trading around 5.93% my level was around 5.90%. Let's see if we could get a daily close below that. This is good for the entire market. Let me know your thoughts in the comment section and do not forget to hit the like button. Thank you #PEACE
LUNA/BUSD Daily cautiously bearish. *Congressional Research Service posted a short report on the LUNA:UST peg collapse and covers mostly everything aside from the bad actors who exploited this vulnerability. They also make mention of rumors that LFG didn't sell their reserves to protect the peg, which one can see on LFG's reserves dashboard are false.* ...
Will UST be again $1 ? Ascending Trendline will be broken above $0.1
Ah, Tronix. Yes, it's actually called "Tronix", not "Tron." The coin with the disappearing wallet. No joke, I made a wallet back in early 2019 for TRX and stored the private key. I like to do things the old fashioned way, so I wrote it down and double-checked it by logging in. The second time Iogged in, I got the notification, "this wallet doesn't exist." Since...
LUNA/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...
Luna doesn't have Elliott wave analysis anymore after it lost the $0.5 and $0.3 as a 2nd wave but still has trend analysis.
If Luna gets mad again, and sees those high Fib extensions again, we could scratch another Zero in the next push. Last Breakout brought us to the 400% extension, that would mean a 0.00176 Luna after the next wave up then retrace back to last high. See that perfect backtest of the old "post crash" ath as support? (green arrows) Definetly some algos involved in...
I don't know, what exactly happened here, but something tells me, it is bad for humanity =) Massive redestrebution of wealth happened here. Trillions of Luna got bought in that small window at the bottom and get distributed now into the hype with 50.000% of profit in less than two days INSANE
Hey guys, I hope you are doing fine and I really hope that you didn't lose (much) in the LUNA / UST drama. This is going to be a little bit different than my usual ideas on TradingView. What we witnessed the last couple of days was what I consider a minor Crypto crash that could have developed into something even worse. On the one hand we could argue that this...
LUNA/USD Daily cautiously bearish. * WARNING: If LFG is unable to reestablish the LUNA:UST peg, they may be forced to close down operations -- this would lead to an inevitable delisting of LUNA on all exchanges. * *LUNA is quickly making its way to as close to 0 as possible as it continues to be minted in attempt to salvage the UST peg*. Due to LUNA having...
An algorithmic stablecoin sounds complicated, but that doesn't have to be. That's how Terra envisioned its algorithmic stablecoin and why it inevitably crashed. Here's how stablecoin Terra & Luna work: 1. In 2018, Terra network was created with two native tokens. Let's call them Terra (UST) and Luna (LUNA), of which the reasons will become apparent later on. 2....
LUNA/USD Daily cautiously bearish. The entire Terra ecosystem is suffering as LUNA is being minted and UST burnt at a faster rate to reestablish peg -- the timing of this is to be determined. Due to the risk of LUNA potentially falling to its ATL of $0.10, today's recommended ratio is: 5% LUNA, 95% cash. **However, because Price has fallen 99% without break in...