LUNC / TetherUSDiupdate LUNC bottom is in
LUNC has continue to declined since september 2022. In my opinion, the bottom is formed for LUNC. Here are my points:
LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.
A reference setup is as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
- The long-term resistance trendline had been broken
- A double bottom pattern was formed and broken
LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally.
A reference setup is as in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
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