LunC UpdateFollowing my last post; I was waiting for a short term pull back. That time frame has now been fulfilled and there is now a viable ABCDE wave 2 retrace. This of course will only be confirmed with a break up and out of the top trend line. This is not guaranteed. The triangle is a symmetrical set-up which means market indecision. It is neutral and has a 50% chance of breaking up or down. I am personally leaning bullish until a confirmed break down, however.
Lunc
LunC Short term Pull backLooks like a 5-wave minor 1 has been completed. Probably a "sell the news" event due to staking being re-activated. Expect a pullback now for a week or 2 before the next leg is kicked off by the on-chain burn tax news.
(I was unsure of the actual wave 2 minor ending which is why I have marked out the 2 possible end points - not that it matters or affects the count. Purely pedanticism.)
Lunc is nearly ready for another leg up After a 3x jump , LUNC/BUSD pair was in a symmetrical triangle consolidation for nearly 5 weeks now. It is going to end in one week or so.
MACD momentum is nearly getting into the positive zone day by day and Bollinger Band indicator closing it's mouth. That indicators show us that a movement is coming soon.
The direction of the movement is effected by all over market sentiments and ofcourse bitcoin price. In my opinion BTC is going to test 26k/28k levels in coming weeks. Little bro terra Luna 2 is doing well and showing intentions moving upside. And LUNC burning expectations keep traders in touch . And people think that nothing can go down forever. LUNC has a big social media community which is actively sharing news every day.
According to that facts explained above, i think that the imminent movement's direction is up side and a possible senario of it is drown on the chart.
Good luck all in your trades and thanks for reading. Remember to be carefull about every step you take in this hard to predict crypto market.
The best time for Lunc As the saying goes “how long the price is the horizontal and how high is the vertical”
Lunc will complete a very obvious pull-up from now to 9.12(on-chain burning day)
The reason:
1. Lunc has been trading with low price more than 3 months. The big player has buyed enough cheap chips.
2. Only when the Lunc price rises significantly will more people choose to stake.
3. The market will reach the climax in the short time, bcause of the on-chain burning day.
So it is a good time for Lunc, Maybe the best time.
LUNC squeezing for a breakout. Circle #1 shows where the Pro Blue Osc (Blue Dotted Line) rose above the zero line (Light Blue Line) back at the end of June and is now moving nicely in a consolidation pattern above it. The Bollinger Bands are now starting to come together in a tight squeeze while RSI stays at a healthy bullish level around 50. It just made a Bullish MACD cross as well so all indicators on the Daily pointing to a nice move up.
LUNC 50% - 100% Profit Clear Bullish Falling Wedge breakout , Retest is done successfully
Entry Price - Now
TP1 : 0.000015
TP2 : 0.000018
TP3 : 0.000021
TP4 : 0.000024