Hello friends, today you can review the technical analysis on the 4H linear scale chart for Terra ( LUNAUSD ), an altcoin cryptocurrency.
#CryptoPickk noted in the chart:
1) Terra price has been moving up a rising channel since August 2021 with the price currently looking to re-test the top of the trendline which would create an all time high for Terra.
". There is a possibility of temporary retracement to the suggested support line (44.31).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LUNAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Terra (LUNABTC) is another altcoin that has its own chart and cycle.
Terra is within the TOP15/20 Altcoins by market capitalization and this is why it gets to move before the "herd".
When we mention "Altcoins" we refer to all Altcoins minus the TOP15/20, because these can behave differently than the rest.
LUNABTC we can look at it as FTMUSDT.
If you read the...
$LUNA failed the attempt to break through the lower boundary of an ascending channel and is now bouncing off that. It is also the local support level. Bullish movement inside the channel will likely continue and reach the top boundary.
This is my description:
Purple Lines: Support & Resistance (for a week) “VERY IMPORTANT”
Blue Lines: Support & Resistance (for a day) “IMPORTANT”
Orange Lines: Support & Resistance (for a 4H)
Thanks for your attention.
**IF YOU WANT ME TO ANALLYSIS ANY OTHER CRYPTOS, PLEASE COMMENT THE NAME OF IT FOR ME**
Maybe it's just me seeing this, but the fact that bottom of bollinger bands hasn't been touched for quite a while, because support from the trend has been placed higher and is visibly enough. On the other hand we have squeezing under a recent resistance. It needs to play out somehow within a week or so. Looks like a lot of...
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...)
The price continues to respect the exponential moving...
Ecosystem in LUNA have been failing, looks like only master builder Do Kwon can single handedly save LUNA with busan and korea gaming.
Looking to claim the channel's range high at 56 once we breakout of a known fib here
To reclaim the exponential momentum we had, we need to consolidate above 63
Discount buying at 39-41 still available if those are just...
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...
Terra price analysis is bullish today.
LUNA/USD set higher low at $52.
The terra price analysis is bullish today because another higher low was established at $52 following a continuous decline yesterday. As a result, LUNA/USD is likely to make an attempt at breaking out above previous highs in the next 24 hours.
Terra price analysis is bullish today.
LUNA/USD set higher low at $49.
Resistance to break at $53.
Terra price analysis is bullish today as another higher low was set at $49, after a steady decline yesterday. Therefore, LUNA/USD is likely ready to attempt a breakout above previous highs over the next 24 hours.
With the price crossing the 52.36 ceiling, we can expect an increase to 61.92, and if it stabilizes above 61.92, we will expect a further price increase
If the price can not cross the specified resistance, we can expect a price reduction to the range of 48.39 and 46.20, and if the price stabilizes below these supports, we can see a further reduction...
Metaverse 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...