LUNC long ideaHello guys
Corrective move as Regular flat nearly ends. And Wave 3 is here
Good luck guys
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
Lunclong
LUNC Could Return To Above 0.0003 And Beyond SoonIn my opinion if LUNC manages to break the 0.000241and the 0.000255 zones then it could start a big
move towards 0.00031 and even beyond. The reason I am bullish on LUNC is mostly because the strong
community behind it. LUNC showed that, how supporters can get behind a coin and bring it back to life.
I am not a holder but I root for this project.
LUNC Scalp tradehey traders
Look at the chart
as we expected, price rejected from the red fib lvl to the lower lvl
I'm not telling u its enough for bullrun, but we can expect bull pressure here, so that why after confirmation, ill take this scalp trade
about the Yellow arrow in the right side of the chart, if price touch that ill check for confirmation and ill take that short scalp
sure, we need confirmation, and if it happen, there will b an update
wish the best
LUNC Trend Reversal ThesisEyeing the light red trendline, the 100 H MA (purple) and any relevant patterns for signs of a trend reversal. Strong bullish divergences on the MACD and ROC, and similar divergences can be found on other oscillators. Trend reversal confirmed when price breaks out from trendline and 100H MA on increased volume & momentum, and TP ultimately at the light green support.
Triangle Formation On LUNCLooking primarily at the formation of this triangle and subsequent break outs. Bullish TP $0.000290, Bearish TP $0.0002435
LUNC is coming out of another triangleLUNC is coming out of another triangle.
If the pattern is confirmed, we should see a breakout towards 0.00076 after a period of accumulation.
Last time this took 52 days, but there was no burn, and the October / November phase which is notoriously a good time for crypto and economics.
I wait and hold expecting a growing trend in compliance with the EMA 60 (today at 0.000255) with false bounces to the downside that could reach 0.0002405.
No financial advice, invest what you are willing to lose.
LUNC Triangle FormationShort term triangle formed within a bearish price channel on LUNC, signalling possible large price move in either direction. Bullish price target is .31, and implications being that the bear trend may be reversed. Bearish price target is .25 near the support of the channel.
Possible LUNC Bull FlagPossible bull flag in play. Typically a bullish sign, and if correct, should break out above resistance with a price target of .39 or .40
LUNC CAN MOVE UPWARD AGAINAccording to the wave structure and price action, Luna can move upwards after completing this diametric.
lunc can move upward againAccording to the wave structure and price action, Luna can move upwards after completing this diametric.
Five Wave move for LUNC completeAs ever, i'm no Elliot Wave count expert, but looks as though LUNC has completed a 5-wave up move.
Nicely up to the previous swing high of ~16000.
The fact that this 5 wave move is in itself part of a longer time move, and this is simply wave-1; only time will tell. If that is the case, maybe bring our attention to the 0.618 retracement zone to look for where price might land.
As messy as it is, and im sorry for that, but here you have some horizontal lines of resistance/support to watch on any retracement. Also overlaid is the fibonacci retracement mapping, with the key lines.
Wishing you all the best as ever.
