LUNC Shows 50% Uptrend Potential!

CRYPTO:LUNCUSD   Terra Classic
Inverted Head and Shoulder Breakout: Luna Classic (LUNC) continues a rally following an inverted head and shoulder breakout, yielding over 100% returns.

Crossing $0.00014 Mark: The breakout rally has surpassed the $0.00014 mark, eyeing the $0.00015 level.

Golden Crossover Signal: A golden crossover in the daily chart suggests a potential trend reversal for LUNC.

Surprising Bullish Comeback: LUNC has made a significant bullish comeback in recent days, skyrocketing unexpectedly.

Momentum Without Pullback: The uptrend shows no signs of a pullback, indicating the potential to surpass $0.00015.

Engulfing Candles and Demand Support: LUNC price action includes several large engulfing candles, reflecting strong demand.

Approaching Overhead Resistance: The ongoing recovery rally is nearing the $0.00015 resistance, hinting at a possible bullish break.

Current Trading Price: LUNC is trading at $0.000138946, following a substantial 17.50% overnight jump.

Technical Indicators - RSI and EMAs: The RSI is in the overbought territory, with no divergence, and EMAs are gearing up for a golden crossover.

Potential for Another 50% Rally: Given the altcoin season and market recovery, there is speculation of a further rally in LUNC.

Technical Analysis Outlook: The inverted head and shoulder breakout might soon challenge the $0.00015 mark, with potential to reach $0.00020.

Risk of Reversal: A reversal from $0.00015 could lead to a drop to $0.0001163.


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.