Here's a quick look at the 2 hr. LUNC chart. As we can see, the price has been forming a bigger falling wedge. The best entry would be when the price breaks above 0.000315$ with a good amount of volume . ------------------------------------------- The idea is: Buy when the price breaks above 0.000315$ and take profits at the levels shown in the chart.
Targets:
1. 0.00034$ 2. 0.00038$ 3. 0.00043$ ------------------------------------------- What are triangles when it comes to trading?
Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!