Hi folks!

I have pointed possible run for LUNC in my previous posts which are followed by 600 percent increase in just couple of weeks.

But after that, a profit realization started to occur in the coin. The coin has been in a downtrend for almost 3 weeks. In this post we will try to look for possible support and turning points.

First, let's analyze the previous bullish run with Fibonacci retracement levels:

In my post titled "Understanding Behaviors of Market Makers" I mentioned the clues about how the costs of market makers are formed:

https://www.publish0x.com/paradoxal-investment/understanding-behaviours-of-market-makers-xkpkrmj

So my guess is that for market makers the cost of this last move is close to the fibo 0.786, so the cost point could be 0.00019 - 0.00020.

Let's analyze with fibo moving averages too. Unfortunately in daily chart, we don't have too many lines formed:

So let's look at situation on 4H chart too:

Possible support / resistance lines are on the charts.

Good luck to all LUNAtics!