since LUNA respected the lower timeframe (5min/ 15min) it could get a major leg up once again.
here is my setup fot it.
its s 3.79 RR
cheers.
(it does not have to play out) but the possibility is there
If Luna breaks the level of 0.4270, it will have the chance of an upward trend towards the targets of 0.5 and 0.63.
In the latest development in the crypto world’s legal drama, Three Arrows Capital (3AC), once one of the most prominent hedge funds in the industry, has filed a staggering $1.3 billion claim against the now-bankrupt Terraform Labs. The claim adds a new layer of complexity to the already convoluted legal struggles surrounding Terraform Labs and its founder, Do Kwon, as the repercussions of the TerraUSD and LUNA collapse continue to unfold.
The Rise and Fall of TerraUSD and LUNA ( 
LUNA )
Terraform Labs, led by the controversial figure Do Kwon, was once at the forefront of the cryptocurrency boom, with TerraUSD (UST) and LUNA being key players in the market. However, the ecosystem’s catastrophic collapse in May 2022 sent shockwaves through the industry. The implosion resulted in billions of dollars in losses, with LUNA’s value plummeting to near zero and UST losing its peg to the US dollar.
For Three Arrows Capital, this collapse was nothing short of disastrous. The hedge fund had heavily invested in LUNA ( LUNA ), reportedly holding up to $462 million worth of the token at its peak. However, within weeks, that investment was reduced to a mere $2,700, leading to the eventual downfall of 3AC.
3AC’s Allegations: Market Manipulation and Inflated Valuations
Three Arrows Capital’s $1.3 billion claim centers on allegations of market manipulation and inflated valuations by Terraform Labs. According to the court filing, 3AC accuses Terraform Labs of orchestrating the selloff that led to the devaluation of LUNA and UST, thereby directly contributing to 3AC’s collapse. The hedge fund asserts that Terraform Labs manipulated the market by artificially inflating the value of its assets, leaving investors like 3AC with devastating losses.
This legal move marks a significant escalation in the ongoing fallout from the Terra ecosystem’s collapse. As 3AC seeks to recoup its losses, the claim underscores the broader impact that the Terra meltdown had on the crypto industry, affecting not just retail investors but also institutional giants like Three Arrows Capital.
Legal Battles on Multiple Fronts
The $1.3 billion claim against Terraform Labs ( LUNA ) is just one of many legal challenges facing the company and its founder, Do Kwon. The crypto world has been closely following Kwon’s legal woes, with his extradition to South Korea still pending. The Supreme Court of Montenegro recently delayed the extradition in response to a request from the State Prosecutor’s Office, further prolonging the legal limbo in which Kwon finds himself.
In a related development, the crypto lending platform Celsius Network is also entangled in its own legal battle, seeking to claw back $2.4 billion from Tether over allegations of Bitcoin transaction fraud. The legal entanglements of Celsius and Terraform Labs highlight the broader struggles of the crypto industry as it grapples with the consequences of the market’s volatility and the collapse of key players.
The Road Ahead: What’s Next for Terraform Labs and 3AC?
As the legal battle between 3AC and Terraform Labs heats up, the crypto community will be watching closely to see how the case unfolds. The outcome could set a significant precedent for other cases involving market manipulation and the responsibilities of crypto companies toward their investors.
For Terraform Labs, the $1.3 billion claim is yet another hurdle in its fight for survival amidst ongoing lawsuits and regulatory scrutiny. Meanwhile, Three Arrows Capital, once a titan in the crypto hedge fund space, is seeking to salvage what it can from the wreckage of its investments.
The case serves as a stark reminder of the high stakes and risks involved in the cryptocurrency market, where fortunes can be made and lost in an instant. As the industry continues to evolve, the legal and regulatory frameworks surrounding it will likely undergo significant changes, driven in part by cases like this one.
Technical Outlook
As of the time of writing, Terra Luna ( LUNA ) demonstrates a 3.32% increase on Monday, accompanied by a Relative Strength Index (RSI) of 43, indicative of an unhealthy scenario in light of the developments pertaining to Terraform Labs, where 3AC is demanding $1.3 billion from the bankrupt entity. The daily price chart displays a bearish hanging man pattern, recognized as a bearish reversal candlestick pattern following a price advance, characterized by a small real body and a long lower shadow measuring at least twice the size of the real body. This bears ominous implications for LUNA in conjunction with the ongoing matter involving 3AC.
Conclusion: A Turning Point for the Crypto Industry?
The $1.3 billion claim filed by Three Arrows Capital against Terraform Labs represents a significant moment in the ongoing legal saga of the crypto industry. As both companies navigate their respective challenges, the outcome of this case could have far-reaching implications for the future of cryptocurrency regulation and the responsibilities of crypto firms to their investors.
For now, all eyes are on the courts as the battle between 3AC and Terraform Labs plays out. The stakes are high, and the consequences could shape the future of the crypto industry for years to come.
A falling wedge pattern is a bullish reversal pattern that forms when the price of an asset is trending downward, and the highs and lows are both decreasing. This pattern is often seen as a sign of a potential reversal in the trend, as it indicates that the selling pressure is weakening.
If the price of Luna breaks out of the falling wedge pattern, it could be a strong bullish signal, and we might see a rally towards $1 or even higher
The trend of LUNA is currently ranging and has been stuck in this range. A triangle pattern has formed, and it continues its ranging movement within this triangle, creating equal highs and lows.
The key scenario is the breakout of this triangle. If it breaks and then pulls back to the triangle, we can expect the price to move downwards.
It looks like we have a big ABC, and wave B is a triangle that has ended.
Now we expect that the red range will not be lost and we will enter the big wave C.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LUNAUSDT
...
only if he breaks the resistance and confirms we enter, and be patient
LUNAUSDT LONG/1.2
,,
if he confirms slowly, he must go to 1 or 2
#LUNAUSDT
UPDATE
Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze LUNAUSDT today.
Falling wedge breakout done in 12H time frame.
Expecting Massive Bullish wave towards 100%📈
#LUNA
The price is moving in a bearish channel on the 12-hour frame and adheres to it well, and the price rebounded from the lower border of the channel at the green color at the price of $0.5600.
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that was broken to support the rise
Entry price is 0.600
The first target is 0.7550
The second target is 0.8815
The third goal is 1.00
💎The recent market activities for #LUNAUSDT have caught our attention. Currently, LUNA is finding footing at a support area, highlighted by a bullish rejection candle, signaling possible upward movement.
💎This setup suggests a bounce could be imminent, propelling #TerraLuna towards higher resistance targets. The presence of this bullish candle at support hints at a strengthening of momentum, potentially steering the price toward notable resistance levels.
💎Conversely, if LUNA struggles to sustain this support or the bounce falters, it may point to a weakening of bullish forces. A drop below the support level could usher in a bearish phase, emphasizing the need for vigilance.
💎Monitoring #LUNA's response to this support zone is crucial. We need to watch closely for either a confirmation of the bullish trajectory or signs of a reversal to bearish trends. Stay alert, Paradisers, as these market shifts unfold.
MyCryptoParadise
iFeel the success🌴
The recent civil fraud trial in the United States has found Do Kwon and Terraform Labs liable for misleading investors prior to the UST stablecoin collapse in 2022. The US Securities and Exchange Commission (SEC) had charged Kwon and Terraform Labs of falsely leading investors about the stability of TerraUSD, the network's stablecoin also known as UST. The UST stablecoin was designed to maintain a value of 1:1 against the dollar. The SEC also accused the defendants of falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment app. The jury, after a two-week trial, agreed with the SEC's allegations and found the defendants guilty of civil fraud charges on Friday.
The TerraUSD and Luna collapse caused a cryptocurrency market crash in 2022, which resulted in several companies going bankrupt. The collapse was severe enough that it sent shockwaves throughout the industry, leading to the arrest of Terraform Labs founder, Do Kwon, in Montenegro in March 2023.
Following the verdict, a spokesperson for Terraform expressed disappointment and stated that the company would weigh its options. However, the SEC, through its Division of Enforcement Director Gurbir Grewal, emphasized the importance of compliance and registration in the crypto markets. According to Grewal, the lack of compliance and registration has real consequences for investors.
US District Judge Jed Rakoff is expected to determine the penalties in the coming weeks after hearing from the SEC and the defendants. Terraform will be able to challenge the ruling on appeal after the final judgment in the case.
💎 Paradisers ,keep an eye on #LUNAUSDT as it’s currently in motion. The price is approaching a key support level at $0.9163. If it maintains momentum at this level, we could witness a bullish reversal. The sustained upward movement aims to target the major resistance at $1.4997.
💎 However, let’s be prepared for market fluctuations. Should #LUNA encounter obstacles at the aforementioned resistance, it might be prudent to reconsider our strategy. On our radar is a bullish recovery from the support zone around $0.8014, where the price has previously found stability.
💎 Caution is crucial! A breach below this critical support level could signal a shift toward a stronger bearish trend, potentially leading to increased selling. As we navigate the changes in the #LUNA market, staying vigilant and adaptable is paramount.
Hi.
LUNAUSDT
✅Today, I want to analyze LUNA for you in a 1D time frame so that we can have a MID-term view of LUNA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
LUNAUSDT is in the ascending phase by the cup and handle.
LUNA is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
LUNA with a text book cup and handle forming imo. If it plays out $2.45 is the next target. $10+ seems possible in peak bull run 2025.
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About LUNA
(Update)
Trying To Breakout Horizontal Resistance Incase Of Successful Breakout Expecting Massive Bullish Wave In Coming Days✍️
Terra ( LUNA ) Skyrockets Over 26% After Do Kwon’s Release
The imminent release of Terra ( LUNA ) founder Do Kwon from Montenegro's prison stirs a 26% price surge for Terra (LUNA).
Market Analysis and Performance of Terra ( LUNA )
The announcement of Do Kwon’s impending release has coincided with a notable surge in the price of Terra ( LUNA ). Investors have responded positively to this development, leading to a significant 26% increase in Terra’s price. Currently valued at $1.105, with a circulating supply of $630,798,184.69 and a market cap of 690,802,291 LUNA.
Terra’s recent performance has been impressive, with a 22.4% increase in price over the past 7 days and a remarkable 72.7% surge over the last month. These figures indicate a strong upward trend, suggesting favorable conditions for potential investors. The market sentiment surrounding Terra ( LUNA ) is optimistic, with many recognizing its growth potential amidst recent developments.
Background and Context of Do Kwon’s Legal Situation
The legal saga surrounding Do Kwon traces back to a forgery case involving a fake passport, which ultimately led to his imprisonment in Montenegro. Following his arrest, Kwon was convicted by the court in Podgorica and subsequently served a prison sentence. However, the situation has been further complicated by conflicting extradition requests from the United States and South Korea, each presenting different charges against Kwon.
The ongoing legal battle has underscored the importance of the Montenegrin Supreme Court’s review in determining Kwon’s extradition fate. This review process will be crucial in assessing the legality of the extradition requests and addressing the concerns raised by Kwon’s legal team. Furthermore, the announcement of Kwon’s release holds significant implications not only for his personal circumstances but also for the trajectory of Terra ( LUNA ) and the broader crypto market.
more printing of the same idea = more confluence. looking for a breakout of the upper TL soon. possible dip 2 rip that takes PA below 1.06
