Lokesh Gupta
27-11-2023
According to Coingabbar Technical Analysis, On November 22nd, amidst the altcoin market's attempt to reclaim bullish momentum.
Terra Classic's coin price surged, breaking free from the resistance trendline within a pennant pattern.
A bullish breakout from the pennant pattern positions LUNC for a substantial recovery in the near future.
The breakout signals a shift in control towards buyers, indicating a poised continuation of the bullish recovery.
Over the past five days, LUNC's price has soared by an impressive 80%, currently hovering around $0.00012400.
Recent LUNC price surge signals a trend reversal, confirmed by the breakout from an inverted head and shoulders pattern.
The breakout in LUNC price hints at a potential 50% increase.
KEY LEVELS :
RESISTANCE LEVEL : $0.00012300-$0.00012900
SUPPORT LEVEL : $0.00011300-$0.00011000
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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