Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 8.18E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.00012 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Three Inside Down’ candle pattern is found. The chart forms ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.00012 |
| Current Price | 0.000088520 |
| Next Low | 8.0E-5 |
| 2nd Low | 7.0E-5 |
| 3rd Low | 6.0E-5 |
0.00012 – 0.00012 – 0.0001 – 9.0E-5 – 8.0E-5 – 8.0E-5 —
0.000106350 – 0.000095350 —
36.934508413396 – 29.777565423014 —
– —
0.00012 – 1778027400
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –