LUNA - Hold The Line Or Die — Indicator by MrCryptoholic

This indicator is trying to predict potential LUNA token bottom.

How does this work?

There is UST baked by LUNA and in case LUNA drops so hard that MC of LUNA is lower than MC of UST we are at risk of repeg and kinda "breaking" of Terra Blockchain.

This indicator doesn't take into account other stable assets but UST but they don't take a big portion of total stable tokens capitalization so it can be omitted.

Heavy buy pressure is expected at indicated levels.

The indicator is based on a simple formula:

LUNAfloor = USTmc/LUNAmc * LUNAprice

Release Notes:

Removed non luna related indicators

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?