LUNC/USDT – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.000096500 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.000089230 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 9.65E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.000096500 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive 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’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000109900 |
| 2nd High | 0.000101640 |
| Next High | 0.000096500 |
| Current Price | 0.000093620 |
| Next Low | 0.000089230 |
| 2nd Low | 0.000080780 |
| 3rd Low | 0.000080000 |