After a 3x jump , LUNC/BUSD pair was in a symmetrical triangle consolidation for nearly 5 weeks now. It is going to end in one week or so.
MACD momentum is nearly getting into the positive zone day by day and Bollinger Band indicator closing it's mouth. That indicators show us that a movement is coming soon.
The direction of the movement is effected by all over market sentiments and ofcourse bitcoin price. In my opinion BTC is going to test 26k/28k levels in coming weeks. Little bro terra Luna 2 is doing well and showing intentions moving upside. And LUNC burning expectations keep traders in touch . And people think that nothing can go down forever. LUNC has a big social media community which is actively sharing news every day.
According to that facts explained above, i think that the imminent movement's direction is up side and a possible senario of it is drown on the chart.
Good luck all in your trades and thanks for reading. Remember to be carefull about every step you take in this hard to predict crypto market.
MACD momentum is nearly getting into the positive zone day by day and Bollinger Band indicator closing it's mouth. That indicators show us that a movement is coming soon.
The direction of the movement is effected by all over market sentiments and ofcourse bitcoin price. In my opinion BTC is going to test 26k/28k levels in coming weeks. Little bro terra Luna 2 is doing well and showing intentions moving upside. And LUNC burning expectations keep traders in touch . And people think that nothing can go down forever. LUNC has a big social media community which is actively sharing news every day.
According to that facts explained above, i think that the imminent movement's direction is up side and a possible senario of it is drown on the chart.
Good luck all in your trades and thanks for reading. Remember to be carefull about every step you take in this hard to predict crypto market.
Comment:
critical 72 hours head. I am expecting some movements, the market will reveal its intention
Comment:
I admit that is a good shake out. All stop losses are triggered. But for some reason it does not feel right to me. 100b lunc trade on binance in 30mins. The Trauma is still new and renemberable for all. So the panic is real. I have strong hands and accumulating. Lets see how it goes
Comment:
Now we know the setup,
if BTC can reach the prev high 24600/24700 area and stay at that level for at least 4 to 6 hours there, my idea is active else get out with what you have got.
if BTC can reach the prev high 24600/24700 area and stay at that level for at least 4 to 6 hours there, my idea is active else get out with what you have got.
Trade active:
Trade setup active
Comment:
You ready?
Comment:
As i observe from the community staking and burning are real. V22 update is here for good. That is gonna blow as hell
Trade active:
watch for BTC price staying above 20.9k . Trade active
Comment:
20.9k is broken this may break or suspend the upward trend. Lets hope bulls can fight back to defend 20.9k support
Comment:
It is amazing to see the nearly zero corelation between btc and lunc prices. That shows me the strenght belief of the lunc community. 1.2% burn news also keep people around. People are not here for 2x , they are here for 100x or 1000x like doge
