RLinda ! LUNCUSDT-> Are the bulls leading the price?

29 Okt 2022

LUNCUSDT on the background of a slight strengthening of the entire cryptocurrency market shows a good result. The price has been forming a downward price channel since early October, which was broken only on the 25th.
We are witnessing a local change of trend and price's transition to a new range, which is directed towards strengthening of the price.

On the daily chart, the price is still trading below the 50-day MA-50 trendline.
The price is gradually growing and forming strong support zones, which it does not consider as its target for a retest
- 0.00018 level
- level 0.000085
- level 0.000045

The price is forming a pre-breakout breakout of the level 0.0002546, which implies a breakout of the resistance if the circumstances are favorable.
We see consolidation and volatility decrease with the growth of the price for a new retest. I expect that the level may be broken through in the near future and we will see a rally on the low timeframes.

• Short-term target - resistance at 0.0002989
  
• Medium term target - liquidity zone 0.000335
  
• Next target - 0.000371
  

Regards R. Linda!