LUNC/USDT – 1H – SELLThe combination jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.000080250 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.000091570 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 8.489448E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000091570 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000099930 |
| 2nd High | 0.000092960 |
| Next High | 0.000091570 |
| Current Price | 0.000088140 |
| Next Low | 0.000080250 |
| 2nd Low | 0.000078380 |
| 3rd Low | 0.000073320 |