LUNC/USDT – 4H – BUYAlso there is a ‘Double top retreat up’ chart formation is found. The chart forms ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 6.053E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000064170 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065040 |
| 2nd High | 0.000064450 |
| Next High | 0.000064170 |
| Current Price | 0.000060040 |
| Next Low | 0.000057000 |
| 2nd Low | 0.000056610 |
| 3rd Low | 0.000055050 |
0.000064170 – 0.000063400 – 0.000064450 – 0.000057000 – 0.000059560 – 0.000056610 — 41.611664508509 – 49.824523284661
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double top retreat up – –