LUNC

LUNC, Is it Time For a New Run?

By Ali_St | Paradoxal_Investment | 28 Jul 2022


Let's look at LUNC charts with my favourite FIBO MAs analysis.

Starting with 15m:

LUNC 15m

15m chart looks perfect, and shouts that "I am ready to take off" Price crossed all MA lines over.

1H chart:

LUNC 1H

There are two resistances; Fibo 0.618 line (0.00010) and Fibo MA 610 (0.00010541 for now) 

4H Chart:

LUNC 4H

It's above the biggest MA (233) and there would be a resistance on 0.00010430 (which is almost same with above)

1D Chart:

LUNC 1d

We have only 3 lines in this one. We are above newly formed 55 MA and 21 MA stands on 0.00010134.

So, long word short, if it can cross over 0.00010400 and remain for 2 consecutive bars (for 4H) I think we can witness a new run for LUNC.

Of course this is not a financial advise and don't forget that price of this token is subject to high volatility!

 

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Ali_St
Ali_St

38 years old, economist, trading-addict


Paradoxal_Investment
Paradoxal_Investment

Sharing experience and thoughts on markets and trading after 20 years in traditional stock markets.

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