LUNC has continue to declined since september 2022. In my opinion, the bottom is formed for LUNC. Here are my points:
LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.
A reference setup is as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
- The long-term resistance trendline had been broken
- A double bottom pattern was formed and broken
LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.
A reference setup is as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Trade closed manually
Wait for BTC to bounce from $BER:33K to re-entrerTrade active
I bought (spot) Lunc at this priceNote
CMF indicator is breaking outNote
Here we go. almost 40% since my entryNote
LUNC retested the neckline and is bouncing hard. It is heading the TP2:Note
95% since entry. TP2 hitNote
+130% since entry. LUNC price is heading TP3Trade closed: target reached
TP3 reached, with 167% since entry. I'll wait for a new trade with LUNC.Thanks for reading (and trading if you're in).
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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.