TERRA LUNA TO EXPLODE!! Price Rally Terra Luna Price Prediction
Hey guys what’s up it’s frank here from Alt queen buzz and today we’re going to Be talking about terra luna now tara Luna has seen a big dump over the past Seven days minus 17.3 Much higher than most of the Cryptocurrencies even in the top 100 Here it’s actually the eighth worst Performer over the past week so we’re Going to have a look at tara price Because although we’ve seen a big dump Terra has also had a monumental growth 44 000 growth over the past almost two Years so we’re going to have a look at When terra might be finding support what The price action is saying going from The monthly all the way down to the four Hour i’m going to show you some juicy Signals which in the past led to some Big price moves up which could Potentially be the signal for the next Move up so stick around till the end of The video to find that out as well as of Course where i predict the lunar price Will go next not to mention we also have Some support and resistance levels to be Watching now for those of you who don’t Know al quinn buzz is first and foremost A crypto investment research company and We have been providing you numerous 100 X returns since 2007 So if you want to get in on that action Join our alt queen buzz access group Where we document up-to-date research
Covering undervalued altcoin gems nft Minting opportunities and our portfolio Strategies so click the link up above or Down in the comment section below to Take part in the action today also Please don’t forget to like subscribe And click the notification bell so that You don’t miss any of our future updates And finally please note that none of This is investment advice So as i mentioned luna usd has one of These charts which stock traders are Just not used to seeing 44 000 growth in Under two years basically a very pure And simple uptrend we’ve barely even had A move down on the monthly but of course Now we’ve had this big red monthly Candle so let’s zoom down a bit to see What’s going on so here we are on the Weekly time frame and i want to point Out some very interesting Signals which in the past have led to a Big move up as you can see here in 25th Of january 2021 A big volume spike out more much more Than the average volume and we had a big Move up again here On the 24th of may 2021 this actually Marked the beginning of a massive move Up again on the 29th of november 2021 Another very very useful signal for a Move up and then yet another time a Fourth time in february 2022 so what i’m Looking for to enter a trade here really
Ideally is one of these big big volume Candles because clearly volume is a big Predictor of future price action for Luna furthermore we’re seeing this Triangular pattern on the rsi which Suggests that once we get to the top of This and potentially break out we could Have another move up in addition to that It suggests that we might be finding Support over the coming week or two as We reach the bottom of this diagonal Line now let’s go down to the daily time Frame to see if we can see anything more Specific so one thing i’ve noticed on The daily time frame here is this rsi Look at the rsi at the 39 level many times in the past we’ve Seen support at this 13 9 level and There was some possibility for finding Support here but now we’ve broken below It so what has happened the last two Times that we’ve broken below this line After a previous uptrend Well as you can see here on the 22nd of May 2021 this led to a lot of sideways Price action similarly on the 29th of January 2022 also sideways price action So it’s possible that we will see Similar sideways price action not Necessarily that we will see a big dump Because we didn’t see that before but we Could very well see something similar Over here where for the coming week or Two or maybe even three possibly we will
See sideways price action coming at the Bottom of this diagonal channel now this Diagonal channel is also offering a Potential area of support if we reach The bottom of it now interestingly Bitcoin As you can see here has a very similar Diagonal channel we already touched the Bottom the second time whereas luna we Have yet to potentially reach there so Again if we were to reach there there Would be some notable support and in Case you’re interested for another Powerful signal of an uptrend Something to be watching in this market It’s the bullish crossover of the macd Anywhere below the zero line this has Happened three times in the past you can Have a look at this yourself you will See that this has led to a new uptrend So really the name of the game here is Being patient we really want to Wait and see where the price leads us Because there’s no clear indication that We have any support right now now when It comes to the four hour you can see That we have broken a significant level On the volume profile here and there’s No real support all the way down until About 60 the 60 dollar level so this is Somewhat concerning if you’re a bull in This market certainly it seems like it’s Free falling at the moment There is some potential that we find
Support at this previous support line Over here but there doesn’t seem to be Much confluence for that level So that’s why i don’t actually view it As a significant support level Now something i want to show you on the Four hour time frame is the ema ribbon So the ema ribbon is a good indicator of The momentum in a market and as you can See The ema ribbon is showing all the lower Moving averages are above the higher Moving averages you see the yellow line Here is below the orange line which is Below the darker orange et cetera et Cetera and this has been happening over The past couple of weeks now if you look At the last time this happened this was Back In january 2022 and just for some Perspective for how volatile this market Is at that time we saw a 58 Dump from the previous all-time high so It’s not impossible that we see a Similar level of volatility now that we Have similar momentum and reach you know Potentially all the way down to 50 Dollars although i do think there is More Reason to believe that we will find Support around the 60 level So when it comes to support levels the Most obvious support level is the 60
Level previous resistance potentially The bottom of this diagonal channel And furthermore if we get the ema here And get rid of the ema ribbon the e the 200 ema could act as a potential support As well you can see that in the past we Didn’t get much below the 200 so i’d be Surprised if we went too much below it Here and certainly if we did come below It and stay below it for any period of Time then we would be likely to see Something that we saw in the past year Which would be sort of many weeks of Sideways price action Another potential support is the 67 Level that would be the actual 200 ema And finally the next the final major Support if we just zoom in a bit here Is the 36 level as you can see we’ve had A lot of price action around this level As indicated by the volume profile all Right guys that’s been it from me for Today let me know where you think the Price will be headed do you think as i Do that we are likely to see either Sideways action or potentially a little Bit more downside or do you think this Is the bottom and that we’re going to Start moving up if you enjoyed this Video then check out the last video i Made about near protocol also a very big Buy signal for near protocol which i Explained in that video that’s been it From me guys i’ll see you in the next
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