Lokesh Gupta
28-11-2023
According to Coingabbar Technical Analysis, Yesterday's bullish rally ended with a complete loss of gains as bears took control.
The daily chart for LUNC price indicates the emergence of a long wick on the day’s candlestick, signaling a bearish reversal.
On the hourly chart, a Head and Shoulders pattern has formed, and the neckline is undergoing a retest.
A breach of the neckline by bears could trigger panic selling, potentially leading to levels around $0.00008300 or $0.00007400.
However, if the pattern is invalidated, the coin might revisit the $0.0001300-$0.0002000 range.
KEY LEVELS :
RESISTANCE LEVEL : $0.00010000-$0.00010500
SUPPORT LEVEL : $0.00009200-$0.00008700
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
5 months ago
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