LUNC/USDT – 1H – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.000096500 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.000089230 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000109900 |
| 2nd High | 0.000101640 |
| Next High | 0.000096500 |
| Current Price | 0.000093430 |
| Next Low | 0.000089230 |
| 2nd Low | 0.000080780 |
| 3rd Low | 0.000080000 |