LUNC - Both Scenarios
Before the analysis please understand LUNC is a very speculative play and highly risky as it has now become a "meme" coin. Be careful trading assets such as this.
On the left side we see the bullish case scenario. It seems like we are forming a bull flag and the measured move would be a 78% pump upon breakout!!!
On the right side we see a bearish scenario where the resistance we are currently fighting is very strong. If we fall from here we easily have an 8% drop which would be around the 274 level. This is also in confluence with the golden ratio. If we get above this red box and hold above, then the bull flag on the left would become even more powerful.
On the left side we see the bullish case scenario. It seems like we are forming a bull flag and the measured move would be a 78% pump upon breakout!!!
On the right side we see a bearish scenario where the resistance we are currently fighting is very strong. If we fall from here we easily have an 8% drop which would be around the 274 level. This is also in confluence with the golden ratio. If we get above this red box and hold above, then the bull flag on the left would become even more powerful.
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