Hello,
Welcome to this analysis about TERRA LUNA and the 12-hour timeframe perspectives. The cryptocurrency market keeps on going with constant changes and increasing divergences between certain cryptocurrencies, this is why there are coins that show great bullish potentials while there are others that have a more bearish outlook. In this case, it is highly necessary to distinguish these divergences and when considering the long-side at best to pick out the coins which are forming bullish setups with great potentials. In this case, now I discovered that TERRA LUNA is forming an important formation which when completed properly will show up with great potentials and determinations with the right activation of continuations and the target-zone, in this manner I discovered all-important levels and scenarios to consider.
Structural Developments:
As when looking at my chart now we can watch there how TERRA LUNA since a longer while now has build up in the structure and formed these several bullish volatility bounces in the structure also with increased volume which is always a good sign that the market is ready to form a breakout sooner or later. Since managing to confirm the 40 USD level as a legit support and bouncing several times up on it TERRA LUNA moved on to develop this massive paramount broadening-wedge-formation marked with the boundaries in black, within this formation TERRA LUNA has a coherent wave-count with the waves A to E already completed and now as TERRA LUNA managed to bounce off the 54.95 USD support it is forming a confirmational-bull-flag-formation above this level.
Upcoming Determinations:
Now taking all these factors into the consideration it will be highly important how TERRA LUNA continues from here, if it moves on to hold the 35-EMA in orange and the 5-EMA in green to bounce within these EMAs and also keep on holding this golden-cross-condition there are great abilities given that TERRA LUNA finalizes firstly this whole confirmational-bull-flag-formation and after that also the broadening-wedge-formation from where on TERRA LUNA will activate the upper-target-zone and continue with further bullish continuations as it is seen in my chart. Therefore once this whole formation has been completed and TERRA LUNA formed the setup for the appropriate suggested developments it will be important to see how TERRA LUNA will move on after reaching out to the target-zone.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Great fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about TERRA LUNA and the 12-hour timeframe perspectives. The cryptocurrency market keeps on going with constant changes and increasing divergences between certain cryptocurrencies, this is why there are coins that show great bullish potentials while there are others that have a more bearish outlook. In this case, it is highly necessary to distinguish these divergences and when considering the long-side at best to pick out the coins which are forming bullish setups with great potentials. In this case, now I discovered that TERRA LUNA is forming an important formation which when completed properly will show up with great potentials and determinations with the right activation of continuations and the target-zone, in this manner I discovered all-important levels and scenarios to consider.
Structural Developments:
As when looking at my chart now we can watch there how TERRA LUNA since a longer while now has build up in the structure and formed these several bullish volatility bounces in the structure also with increased volume which is always a good sign that the market is ready to form a breakout sooner or later. Since managing to confirm the 40 USD level as a legit support and bouncing several times up on it TERRA LUNA moved on to develop this massive paramount broadening-wedge-formation marked with the boundaries in black, within this formation TERRA LUNA has a coherent wave-count with the waves A to E already completed and now as TERRA LUNA managed to bounce off the 54.95 USD support it is forming a confirmational-bull-flag-formation above this level.
Upcoming Determinations:
Now taking all these factors into the consideration it will be highly important how TERRA LUNA continues from here, if it moves on to hold the 35-EMA in orange and the 5-EMA in green to bounce within these EMAs and also keep on holding this golden-cross-condition there are great abilities given that TERRA LUNA finalizes firstly this whole confirmational-bull-flag-formation and after that also the broadening-wedge-formation from where on TERRA LUNA will activate the upper-target-zone and continue with further bullish continuations as it is seen in my chart. Therefore once this whole formation has been completed and TERRA LUNA formed the setup for the appropriate suggested developments it will be important to see how TERRA LUNA will move on after reaching out to the target-zone.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Great fortune is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the markets.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.