LUNC Price #TechnicalAnalysis
The daily chart indicates that the $LUNC price has remained within a tight range over the past few weeks. This consolidation occurred after it dropped to a low of $0.000051, where it formed a giant double-bottom pattern whose neckline was at $0.0001795.
#LUNC has formed a small inverse head and shoulders pattern, a popular #bullish reversal sign. There are signs that it has moved into the accumulation phase of the Wyckoff Theory.
This phase is then followed by the markup, where there is higher demand than supply. Therefore, moving above the key resistance point at $0.000072 could indicate further gains, potentially reaching the 61.8% #Fibonacci Retracement point at $0.0001020, up by 58% from the current level.
Buy and Trade $LUNC here