#ThanksgivingBTCMoves The daily chart indicates that Terra Luna Classic has been on a slow bullish trend after bottoming at $0.000054 a few months ago. It has formed a cup and handle pattern, with the upper side at $0.000129, a pattern known for signaling bullish continuation.
Based on the depth of the cup, the coin could rise to $0.0002055, approximately 75% above its current level. This target is slightly above the 38.2% Fibonacci Retracement level at $0.00020.
Further supporting the bullish outlook is $LUNC
’s movement above the 50-day and 100-day moving averages. The Relative Strength Index is also climbing, reflecting sustained bullish momentum. However, a drop below the 100-day moving average at $0.000095 would invalidate the bullish view.