Luna classic(LUNC) is in a falling wedge pattern. The price looks like that is gonna break the pattern upwardly BUT the presence of a Hidden bearish divergence (-HD) on MACD makes us doubt that movement.If the pattern is to be broken upwardly,the price shall increase to the top of the pattern and will end up around 0.00052$ but if it fails to break the mentioned...
LUNC is trying to break out of a falling wedge, and the volume is good in that breaking candle.
If we can get that candle to close above it(0.000182) or effectively retest the falling wedge, then we can anticipate a strong bullish rally in LUNC.
Hope you are well.
The structure of the previous analysis remains.
I think wave C has diagonalized and wave f and g still remain in my opinion.
The original support was a little lower, which I corrected.
This scenario holds as long as the 0.00011411 support is not broken
LUNC is now a very hot altcoin, but it looks like the uptrend will end very soon.
If you want to buy LUNC, then wait for a pullback, at least to the start of wave 4.
As per my Elliott Wave analysis, this huge impulse wave is pretty much done because we are in the last fifth sub-wave.
As you can see on the chart, wave 2 was a triangle. You may say that wave 2...
LUNA CLASSIC is poised to either make a nice dump or a nice pump. I am leaning towards a nice pump because I think the Ethereum merge will go just fine. Once the merge happens and theres no apocalypse then the market will continue its bull run. If Ethereum does have issues, whether small or big, the market is going to respond very negatively, and a flash crash...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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LUNCUSDT, as we clearly see price trading inside this bearish channel
So, for now price is around a support, where we are looking for buy setups right !
So, for the bulls to kick in and prove control we need a break above...
Hi dear friends, hope you are well, and welcome to the new update on Terra Classic (LUNC) with US Dollar pair.
Previously after hitting the minimum sell target, price of LUNC was moved down, which was by the way almost 30% profit move as below:
Now on a weekly time frame, LUNC has formed a bullish Gartley pattern. There is also a hidden bullish divergence on...