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Coiled Up
LUNC is all coiled up and ready to break out of it's symmetric triangle. The asset is near the end of the pattern and could break in either direction. I would say that it will correlate with Bitcoin and the rest of the market but that has not been the case lately.
I am leaning towards the bullish side, seeing the 60% retrace the asset just had and the retest at $0.000240 painting a double bottom. Also, the fundamentals of the upgrade with a 1.2% transactional burn implemented into its protocol. From a technical point of view it's really interesting to have all of the data before the whole situation. With a large cut in supply I could see LUNC retesting resistance between $0.20 & $0.30. Crazier things have happened in this space, like LUNA falling from $100 to nothing in the first place.
I am leaning towards the bullish side, seeing the 60% retrace the asset just had and the retest at $0.000240 painting a double bottom. Also, the fundamentals of the upgrade with a 1.2% transactional burn implemented into its protocol. From a technical point of view it's really interesting to have all of the data before the whole situation. With a large cut in supply I could see LUNC retesting resistance between $0.20 & $0.30. Crazier things have happened in this space, like LUNA falling from $100 to nothing in the first place.
Nota
Trade the breakoutDagangan aktif
Confirmed bearish break out from the symmetric triangle.Nota
Testing supportNota
Had my support line a little too high. Look at that rally off $0.00019!!
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.