Terra Luna -- Is it the start of parabollic rise?

2022年5月22日

Downtrend break (first since May 16) yesterday.

[Daily] Bullish MACD cross.

[Hourly] Following Double Bottom near 0.00010 support line, there are multiple Bull Flags forming with increasing volume.

Two important twitter posts by Do Kwon today:

1) While the supply of LUNA has been increasing, no new tokens are being minted. It is swap fees entering supply that will stop eventually.

twitter.com/stablekwon/status/1527994283134816256

2) He posted official burn address and community has started burning the supply. It is likely the biggest reason for increased volume/strength. It has been heavily shorted and I don't think they covered yet, possibly even doubled down.

twitter.com/stablekwon/status/1528004028851859456

If/when token supply becomes fixed, we could see significant appreciation in price but do manage your risk. This is not a financial advice.

2022年5月22日

註釋

More good news! Mexican crypto exchange is considering buying LUNA and burning to reduce supply: twitter.com/MEXC_Global/status/1528367126712446977

2022年5月25日

註釋

MEXC Global confirmed they will be using LUNA/USDT trading fees to burn LUNA supply: twitter.com/MEXC_Global/status/1529478233582088193

Another trading platform, BingX, has announced a similar plan: twitter.com/BingXOfficial/status/1528940362336989184