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Hello friends and companions of Trading View
This is my opinion perhaps, One of the reasons for the fall in prices! The sudden sale of large volumes of UST (Luna-affiliated Terra network coin) by whales (affiliated with the Terra community and possibly the builders), followed by UST problems and the rise of Luna coins to protect UST, drastically reduced prices and It was finally dumped
Currently, after the start of trading on May 13 and a sudden increase in price with a high volume (dead cat jump) more than 60K% from 0.000001 to 0.000595 and re-correction of the price, forming a descending triangle (if the dump and start of trading from May 13 is calculated ) The price correction caused the support of MA 50 (blue curve) to close to the price and from 7:30 today 15 May to provide the necessary support (until now) to prevent further reduction.
* Trading volume is low If the trading trend is downward, there is a possibility of breaking the triangle downwards and testing the support area or based on the fears of ATL traders *
tip :
* Trading volume is very low (could be a sign of decline in the future)
* The average resistance to continue the climb is $ 0.00035
* Trading above MA 50 (blue curve) can be expected to test resistance
* MACD indicator shows low buy (neutral)
* RSI indicator below the sellers line is at 23 (over-selling)
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
.....................................................................
* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
.....................................................................
********************************* pay attention ****************************
* News and especially bitcoin transactions have a great impact on Luna process
* The above content for information, is not an investment proposal
****************************************************************************
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please like, subscribe and share your ideas.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Hello friends and companions of Trading View
This is my opinion perhaps, One of the reasons for the fall in prices! The sudden sale of large volumes of UST (Luna-affiliated Terra network coin) by whales (affiliated with the Terra community and possibly the builders), followed by UST problems and the rise of Luna coins to protect UST, drastically reduced prices and It was finally dumped
Currently, after the start of trading on May 13 and a sudden increase in price with a high volume (dead cat jump) more than 60K% from 0.000001 to 0.000595 and re-correction of the price, forming a descending triangle (if the dump and start of trading from May 13 is calculated ) The price correction caused the support of MA 50 (blue curve) to close to the price and from 7:30 today 15 May to provide the necessary support (until now) to prevent further reduction.
* Trading volume is low If the trading trend is downward, there is a possibility of breaking the triangle downwards and testing the support area or based on the fears of ATL traders *
tip :
* Trading volume is very low (could be a sign of decline in the future)
* The average resistance to continue the climb is $ 0.00035
* Trading above MA 50 (blue curve) can be expected to test resistance
* MACD indicator shows low buy (neutral)
* RSI indicator below the sellers line is at 23 (over-selling)
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
.....................................................................
* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
.....................................................................
********************************* pay attention ****************************
* News and especially bitcoin transactions have a great impact on Luna process
* The above content for information, is not an investment proposal
****************************************************************************
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please like, subscribe and share your ideas.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
