LUNC/USDT – 1H – BUYThe combination breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 0.000109800 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.000091500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000109900 |
| Next High | 0.000109800 |
| Current Price | 0.000102000 |
| Next Low | 0.000091500 |
| 2nd Low | 0.000089230 |
| 3rd Low | 0.000080780 |