LUNC/USDT – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 0.000096820 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.000091500 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. this is a bullish pattern 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 | 0.000099970 |
| Next Low | 0.000091500 |
| 2nd Low | 0.000089230 |
| 3rd Low | 0.000080780 |