The price of Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been a cause of worry for investors ever since it dropped significantly from its peak of $119 in April 2022. Recent developments, such as the ongoing token burn program and the upcoming Bitcoin halving event, have sparked discussions about the potential of LUNC price rising once again.
Currently,...
Luna Classic (LUNC) price has skyrocketed by 60% in response to strategic investment and USTC perpetual contract launch by Binance.
The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to...
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For this particular analysis on Terra Luna Classic we are using the LUNCUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where LUNC is on a small pull-back after being rejected on the 1D MA50 (blue trend-line). With the 1D RSI mostly ranged within 55.00 - 35.00, the price action seems neutral. However this resembles the...
Luna classic is technically bullish
Everything right about the revival and in a crypto token has been done right
From the recent updates and developments
To technical support , lunc will be bullish
Do not look at the total supply of 6.8T as a the reason not to be bullish, the fact is that lunc went 30 000% and 387% in September prior to the 1.2% tax burn ,...
LUNC has been consolidating over several days, seemingly forming this longer-term triangle (purple). Would love to see price retest the triangle support and bounce up, and if so, would confirm the triangle for me, with a deadline of several days and a large price movement in either a bullish or bearish direction.
Even though the crypto market is in a downtrend, LUNC seems to defy the market with its recent bullish momentum.
The head and shoulders and the downtrend of the past days seems to be breaking on the hourly timeframe with higher than recent average volume. It still needs confirmation on a daily basis (which may be too late but it is better to miss a trade than...
LUNC has been pushed down in the past few days by the double resistance trendline, breaking short term support levels in the process.
I switched to 1-hour timeframe for finer detail but I still use the levels and trendlines from the 4H time-frame.
I still consider the head & shoulders pattern to be the most significant influencing factor for this chart. I expect...
Great to see LUNC respect the final fib level @ $0.25 after the triangle breakout. Looking for LUNC to make a decision as resistance and 0.786 fib level intersect soon. Price target of the following resistance if LUNC can breakthrough the closest resistance, otherwise bearish with a complete retracement to $0.10 possible
As stated before I have little confidence in any kind of bull-run for TERRA LUNA CLASSIC. You can see a summary of my reasons on the chart. My main reason for bearishness are the untested break of the past resistance line and the broken and retested support trendline (now turned resistance trendline).
Also do not forget that the overall market is bearish over the...
Watch this candle at 8pm est I use a different chart on my last post. Should be the same but I wanted a shorter time frame. Cycle Theory, it should have a test to retail here and it should pop.
by iCantw84it
09.12.22
As the total crypto market cap and BTC approach an almost year-long resistance level and an also ascending trendline in the coming days or weeks it is time to think about possibilities of either breaking up from there (truly or just in a fakeout) or turning down from those levels.
Considering what the charts show us on TERRA LUNA CLASSIC and thinking about the...
Terra Luna Classic (LUNCUSDT) has been trading within a Channel Up since the June 09 Low and at the moment it is very close to its top (Higher Highs trend-line). Technically and with the 4H RSI overbought on the same level as June 27, it is very likely to have a pull-back towards first the 4H MA50 (blue trend-line) and then the 4H MA200 (orange trend-line) before...
