{"id":419374,"date":"2022-03-21T18:10:00","date_gmt":"2022-03-21T15:10:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\/"},"modified":"2022-03-21T18:10:00","modified_gmt":"2022-03-21T15:10:00","slug":"terra-price-signal-that-preceded-an-80-luna-rally-is-back","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\/","title":{"rendered":"# Terra price signal that preceded an 80% LUNA rally is back"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a41928945ca3\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a41928945ca3\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\/#%E2%80%9D_Terra_price_signal_that_preceded_an_80_LUNA_rally_is_back_%E2%80%9C\" >&#8221; Terra price signal that preceded an 80% LUNA rally is back  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\/#LUNA_paints_bullish_MACD_crossover\" >LUNA paints bullish MACD crossover<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\/#Bearish_divergence_detected\" >Bearish divergence detected<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\/#LUNA_price_double-top_risks\" >LUNA price double-top risks<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Terra_price_signal_that_preceded_an_80_LUNA_rally_is_back_%E2%80%9C\"><\/span>&#8221; Terra price signal that preceded an 80% LUNA rally is back  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>A technical setup that preceded a circa 80% price rally in the Terra (LUNA) market in August 2021 has <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared again.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"LUNA_paints_bullish_MACD_crossover\"><\/span>LUNA paints bullish MACD crossover<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technical setup involves a so-called &#8220;signal line crossover&#8221; between LUNA&#8217;s weekly MACD line \u2014 equal to the difference between the token&#8217;s 12-week and 26-week moving averages (MA) \u2014 and the 9-week MA called the Signal Line, plotted above the zero line, as shown in the chart below.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/6738ad6c-4992-458f-adaa-a878e2b7c7f4.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD weekly MACD illustration. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Together, these lines represent Moving Average Convergence Divergence (MACD), a momentum oscillator to determine a market&#8217;s direction and momentum. <\/p>\n<p>So, if the MACD line crosses above the signal line, markets interpret it as a bullish MACD crossover. Conversely, a bearish MACD crossover occurs when the MACD line falls below the signal line.<\/p>\n<p>LUNA&#8217;s weekly MACD line closed above its signal line earlier this month,\u00a0raising speculations about a strong bullish momentum ahead. For instance, independent market analysts &#8220;Argonauts&#8221;\u00a0cited a similar bullish crossover from August 2021 that occurred before the Terra token&#8217;s circa 80% price rally \u2014 from $12 to $102.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Something is up on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> weekly timeframe. Last time the MACD crossover occured it sent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a> from $12 to $106. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/luna?src=hash&amp;ref_src=twsrc%5Etfw\">#luna<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/nfa?src=hash&amp;ref_src=twsrc%5Etfw\">#nfa<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/9TYyGmp88j\">pic.twitter.com\/9TYyGmp88j<\/a><\/p>\n<p>\u2014 Argonauts  (@terra_hodler) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/terra_hodler\/status\/1505446824378777601?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bearish_divergence_detected\"><\/span>Bearish divergence detected<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The MACD-based bullish outlook in the Terra market also stems from LUNA&#8217;s incredible price performance in the last thirty days.<\/p>\n<p>Notably, LUNA&#8217;s price has surged by nearly 90% after bottoming out at $47.25 on Feb. 20, now eyeing a run-up above $100. <\/p>\n<p>Nonetheless, the Terra token&#8217;s strong upside move accompanies a decreasing momentum, as illustrated by its weekly relative strength index (RSI), and weakening trading volumes, suggesting bullish exhaustion is close.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/7eca12d4-e208-4272-adbe-7b5e50fed32e.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD weekly price chart featuring price-momentum bearish divergence. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Therefore, a pullback from levels near $100 could have LUNA retest its previous resistance-turned-support levels near $75.50 and $50, coinciding with the 0.236 and 0.5 Fib lines, respectively, of the Fibonacci retracement graph attached below.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/56020757-2255-4a2b-b86f-d76832faa19f.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD weekly price chart featuring Fibonacci retracement support\/resistance levels. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"LUNA_price_double-top_risks\"><\/span>LUNA price double-top risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>LUNA&#8217;s close above its previous record high of around $106 could have it enter unchartered territory with a Fibonacci retracement graph drawn from $102-swing high to $45.50-swing low, suggesting an extended upside move toward $138.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/c6c63079-8e6d-4341-bbfb-6cf7617b0090.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD weekly price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p><strong><em>Related:\u00a0\u2018We\u2019re already buying:\u2019 Terra founder plans to obtain $10B BTC for reserves<\/em><\/strong><\/p>\n<p>On the other hand, a pullback move from levels near $100 could also trigger the classic double-top setup, which entails two high points in the market, signifying an impending bearish\u00a0reversal signal. LUNA could paint one in the coming weeks, as shown in the chart below.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/bf99e202-eb19-41de-9e29-5ed702176980.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD weekly price chart featuring &#8216;double top&#8217; setup. Source: TradingView\u00a0<\/em><\/figcaption><\/figure>\n<p>In a &#8220;perfect&#8221; double top scenario, the Terra token would risk crashing by more than 50% to $44 on the next pullback, followed by a breakout move towards $19.50, also coinciding with LUNA&#8217;s 50-week exponential moving average (the red wave).\u00a0<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/terra-price-signal-that-preceded-an-80-luna-rally-is-back\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Terra price signal that preceded an 80% LUNA rally is back &#8220; A technical setup that preceded a circa 80% price rally in the Terra (LUNA) market in August 2021 has appeared again. LUNA paints bullish MACD crossover The technical setup involves a so-called &#8220;signal line crossover&#8221; between LUNA&#8217;s weekly MACD line \u2014 equal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":419375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvY2FiNzMxYmUtYzhhNi00NjYxLWI1ZjUtZGRiYzRkODk1NmI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,79806,81262,74939,78261,122378,73711,73785,71407],"class_list":["post-419374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-analysis","tag-cryptomarket","tag-market-analysis","tag-tech-analysis","tag-terra","tag-investments","tag-markets","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=419374"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/419374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/419375"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=419374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=419374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=419374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}