LUNC is likely to have a retrace or complete trend reversal
LUNC / Binance USD BINANCE:LUNCBUSD
LUNC's massive run-up these past few days has lost momentum as indicated my moving averages, DMI / ADX , and just general TA (the lower-low), as seen on the 30m timeframe.
We can expect a high likelihood of a sideways trading range, retrace, or larger trend reversal at this time.
A strong bounce from the 61.8% retrace of the move or a bottoming pattern around the 38.2% to 78.6% retrace could be a buy signal for a long trade on the 30m timeframe.
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