Terra Luna Classic (LUNC) has continued to go lower in price over the last few days. Now trading at just $0.000278 anxious holders are anticipating another move to the downside as the bulls lose momentum.
Will Terra Luna Classic recover? LUNC is available on eToro.
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Terra Luna Classic Price Prediction 2022
Just recently Terra Luna Classic (LUNC) lost a key support level of $0.000283 from a chart pattern known as a bear pennant.
A bear pennant is known as a bearish pattern which usually results in continuation to the downside. The trend prior to the pennant formation, is usually also down, hence why it is a continuation pattern.
We have just seen the first phase of the bear pennant play out, which is an aggressive downtrend. The pennant we see now which looks like a symmetrical triangle is the second phase, known as consolidation.
Traders would be looking for a potential breakout for...
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