LUNC/USDT – 4H – BUYThe combination goes from the bullish trendline down.
A bearish movement down to the next support line at 0.000089230 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000101640 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 0.00010164 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 0.000101640 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000109900 |
| Next High | 0.000101640 |
| Current Price | 0.000099600 |
| Next Low | 0.000089230 |
| 2nd Low | 0.000080000 |
| 3rd Low | 0.000078380 |