LUNC/USDT – 30M – BUYThe combination breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 0.000092400 will continue.
Caution: A possible reversal of the trend in the direction of support at 0.000089540 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 9.2865E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.000092400 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000094790 |
| 2nd High | 0.000094210 |
| Next High | 0.000092400 |
| Current Price | 0.000091720 |
| Next Low | 0.000089540 |
| 2nd Low | 0.000089230 |
| 3rd Low | 0.000088760 |