LUNC/USDT – 1H – BUYThe combination breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 0.000096820 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 0.000089230 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency 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 | 0.000109900 |
| 2nd High | 0.000101640 |
| Next High | 0.000096820 |
| Current Price | 0.000095150 |
| Next Low | 0.000089230 |
| 2nd Low | 0.000080780 |
| 3rd Low | 0.000080000 |