#1000LUNC
The price is moving in a bearish channel on a 4-hour frame, which the price adheres to and is expected to break to the upside in an upward manner
It is expected that the Moving Average 100 test will be retested
We have a major support area in green at the 0.1200 level
The RSI indicator has a downtrend that is expected to break higher
Entry price...
#1000LUNC
The bearish channel was broken on a 1-day up frame
It is supported by a rebound from the green support area
on the chart at the level of 0.09000
We have a moving average break of 100 upwards
We have bullish momentum on the RSI
Entry price is 0.1276
The first target is 0.1423
The second goal is 0.1631
The third goal is 0.1880
A 3-push (Wedge Bottom) has been formed and based on the buying pressure and strong support area I expect the price to rise from here.
Good entry point with a nice R/R ratio.
NFA
