L3gOnD

LUN Kijun Retest0.00229

Long
BINANCE:LUNBTC   None
This may be a great spot to pick $LUN up. Retracing to the 12h Kijun on double settings, so it is essentially the daily Kijun. 50% retracement from previous leg up and on the bottom of the cloud testing as support. We had a bullish TK cross just as LUN entered the cloud and this is forming a cup and handle formation so I expect to see a break upwards of the resistance line and then movement towards 0.00229. RSI is showing bullish continuation (hidden) divergence on time frames below the 12H as well as RSI is making lower low and price higher low. Looks like a good entry. Getting in on retracements in a upward market is way more profitable and better risk reward than FOMO buying and chasing pumps. Buy in before the pump.

Comments

Hello there nice chart, however on what are you basing your 0.00229 target on ?

My fib levels are showing 0.0021 and 0.0024
Reply
L3gOnD PattyMcPat
@PattyMcPat, That is the target of the double bottom eve and eve formation it created or what I was referring to the cup and handle that it painted as the second eve.
+1 Reply
@L3gOnD, Oh ok. It makes sense I guess.
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