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LUNC / TetherUS

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Lunc inverted head and shoulder?Lunc inverted head and shoulder? Terra is an open-source, community-owned blockchain which hosts a vibrant ecosystem of applications. On Terra, you can build applications and organizations using the available suite of cutting-edge developer tools, or simply try out existing ones by connecting a wallet. The Terra ecosystem runs on its native cryptocurrency, LUNA. You can use LUNA to pay for transaction fees on the Terra blockchain as you interact with various applications. Additionally, you can also use LUNA to earn staking rewards, purchase your favorite digital art, have a say on community-led governance proposals, and much more. Terra is permissionless and borderless, which means that its next-generation financial products are accessible to anyone in the world with an Internet connection.
by TradeBoy66
2
LUNC BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. LUNC QUICK UPDATE As we can see price is still overall bearish from a long-term perspective. However, price is sitting now around a support zone, where we will be looking for new longs! Meanwhile, price is still stuck inside this range or in a sideway direction. And for the bulls to kick in we need a break above the upper bound of the range, Then a movement higher would be expected. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
6
LUNC Terra Classic $605 Million valuation problemThe valuation of LUNC Terra Classic at a market cap of $605 million raises concerns, particularly considering the project's current state of inactivity. As a community-led project that has become stagnant or defunct, such a high valuation appears to be disproportionate. In my opinion, the valuation for a purely speculative token like LUNC should be re-evaluated to align with a more realistic assessment. A market cap of around $50 million seems more reasonable, considering the absence of recent development or active engagement. So add another $0. Looking forward to read your opinion about it.
Short
by TopgOptions
5
Price Test Potential and Strong Demand AreaLUNC, a cryptocurrency with an intriguing name, is currently displaying some interesting market indicators. The Relative Strength Index (RSI) stands at 53, indicating a neutral sentiment in the market. This suggests that the buying and selling pressures are relatively balanced, neither favoring the bulls nor the bears significantly. Another indicator to consider is the volume oscillator, which is currently at -2%. This implies a slight decrease in trading volume compared to the average level. While not a significant drop, it does indicate a relatively quieter period in terms of market activity. In terms of price action, LUNC has shown a noteworthy pattern in the past. At one point, it experienced a remarkable 30% gain from the $0.000084 range. This surge demonstrated the potential for significant price movements within this cryptocurrency. However, on its second attempt to reach this price range, LUNC encountered strong resistance, suggesting a potential barrier for further upward movement. Considering the current situation, it is possible that LUNC may test both the previous resistance and the upper boundary of its descending channel. This implies that there is a chance for the price to reach the same level as before or potentially break through the descending channel's upper limit. One interesting observation is that LUNC has exhibited positive reactions when encountering support levels. This suggests that the observed support area, particularly in the $0.000084 range, can be considered a strong demand area for the long term. Buyers have shown interest and have stepped in to support the price, indicating a potential buying opportunity. Overall, LUNC has the potential for significant price movements. While the RSI suggests a neutral sentiment, the historical price action and reactions to support levels provide an interesting outlook. Traders and investors should closely monitor LUNC's movement, particularly as it approaches the previous resistance and the upper boundary of its descending channel, as these levels could determine its future trajectory.
by MonoCoinSignal
7
LUNC SHORT AND MEDIUM TERM!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. LUNC QUICK UPDATE As we can see price is still overall bearish from a long-term perspective. However, price is sitting now around a support zone, where we will be looking for new longs! Meanwhile, price is trading now inside this symmetrical triangle, and for the bulls to kick in from a short term we need a break above the marked swing high And for the bulls to remain in control after! we need a break above the upper neckline, where the bulls will be kicking in from a medium-term perspective. Until that price is still overall bearish, and price can still trade lower before reversal If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
1
LUNC SHORT TERM PERSPECTIVEHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. LUNC QUICK UPDATE As we can see price is still overall bearish from a long-term perspective. However, price is sitting now around a support zone, where we will be looking for new longs! And as we can see price from a shorter-term perspective, price is still overall bearish. And for the bulls to kick in and prove control again we need break above the marked swing high, Then a movement higher would be expected till the upper falling trendline. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
1
Potential Price Stabilization or Prolonged DowntrendDuring the previous month, LUNC has displayed a persistent decline, reaching the weekly support range and reverting back to the initial range of the previous substantial upward movement. Positioned at the heart of this weekly support range is a robust support zone exhibiting substantial reactive strength, which successfully halted the downward trajectory of the currency upon reaching this range. Consequently, the prevailing conditions observed within the 4-hour time frame have transitioned the price trend into a consolidation phase. Hence, if buyers endeavor to reinforce this currency and manage to breach the resistance of the channel ceiling at the $0.000096 level, we can anticipate price stabilization at the weekly support level, accompanied by subsequent price growth in the forthcoming days. Conversely, should the current support be breached once again due to selling pressure, the currency will endure an extended period of decline, with its recovery contingent upon the presence of sustained bullish market conditions.
by MonoCoinSignal
2