LUNC has been one the biggest gainers of the last week or two. As seen on the chart, there's a good potential for LUNC to be forming a bullish ascending channel in the process.
In my view, there's little stopping LUNC from seeing more bullish price action. I think that the current ATH value around 29000 is a realistic target. In case this target aligns with the channels resistance, prepare for heavy profit-taking around that area.
In my view, there's little stopping LUNC from seeing more bullish price action. I think that the current ATH value around 29000 is a realistic target. In case this target aligns with the channels resistance, prepare for heavy profit-taking around that area.
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I'm expecting strong resistance here, might fall back to 25,000-20,000.
However, LUNC is going viral on many socials, so we get easily see more gains from here. Will monitor.