๐ MyCryptoParadise on TradingView shares a bullish outlook for LUNC after breaking out of a key range in recent days.
๐ LUNC has spent 7 weeks in a major demand zone and the recent trend reversal could indicate that an impulsive wave is imminent.
๐ MyCryptoParadise forecasts a +50% increase for LUNC, taking it to a major supply zone at the $0.00009 level.
๐ Terra Classic (LUNC) has spent over 7 weeks in a key demand zone, with VRVP showing heavy volume in the 0.00005713 to 0.00006287 range.
๐ LUNC fell in this zone during a -34% price decline that occurred in mid-August, driven by a short-term trend reversal for Bitcoin (BTC) and other large-cap cryptocurrencies.
๐ฅ Since then, LUNC has maintained strong support within a key range. The current demand zone appears to be a sustained period of accumulation for the token before a bullish rally, with MyCryptoParadise stating that it could signal the beginning of a major bull run.
๐ฉ After breaking the structure formed in the last 7 weeks, MyCryptoParadise stated that this "points to a beacon of hope, indicating a possible change in market sentiment and an imminent bull phase."
โ ๏ธ However, as with the recent -34% move that brought LUNC into the demand zone, the projected +50% gain would take it into major resistance. The order books are full at $0.00009, which could be an early indicator that a cooling period will take place once LUNC reaches the level.
๐ Currently, LUNC is down 59.52% so far this year. A trend reversal from here could signal that bullish price action is ahead, and MyCryptoParadise has called on traders to โembrace the profitable journey aheadโ as LUNC begins to gain momentum.
๐ LUNC has spent 7 weeks in a major demand zone and the recent trend reversal could indicate that an impulsive wave is imminent.
๐ MyCryptoParadise forecasts a +50% increase for LUNC, taking it to a major supply zone at the $0.00009 level.
๐ Terra Classic (LUNC) has spent over 7 weeks in a key demand zone, with VRVP showing heavy volume in the 0.00005713 to 0.00006287 range.
๐ LUNC fell in this zone during a -34% price decline that occurred in mid-August, driven by a short-term trend reversal for Bitcoin (BTC) and other large-cap cryptocurrencies.
๐ฅ Since then, LUNC has maintained strong support within a key range. The current demand zone appears to be a sustained period of accumulation for the token before a bullish rally, with MyCryptoParadise stating that it could signal the beginning of a major bull run.
๐ฉ After breaking the structure formed in the last 7 weeks, MyCryptoParadise stated that this "points to a beacon of hope, indicating a possible change in market sentiment and an imminent bull phase."
โ ๏ธ However, as with the recent -34% move that brought LUNC into the demand zone, the projected +50% gain would take it into major resistance. The order books are full at $0.00009, which could be an early indicator that a cooling period will take place once LUNC reaches the level.
๐ Currently, LUNC is down 59.52% so far this year. A trend reversal from here could signal that bullish price action is ahead, and MyCryptoParadise has called on traders to โembrace the profitable journey aheadโ as LUNC begins to gain momentum.