LUNC/USD
Bearish Case
- Bearish Divergence on the 1hr, 4hr and 8hr
- Broken out of the ascending channel
- MACD on the 4hr looks to be turning bearish
- Topped out at 2.618 fib extension.
- Currently bouncing off the 0.236 fib retrace area,
Target Zone
- $0.00044958 (0.382 fib retrace)
- $0.00036185 (0.618 fib retrace)
Thoughts?
Bearish Case
- Bearish Divergence on the 1hr, 4hr and 8hr
- Broken out of the ascending channel
- MACD on the 4hr looks to be turning bearish
- Topped out at 2.618 fib extension.
- Currently bouncing off the 0.236 fib retrace area,
Target Zone
- $0.00044958 (0.382 fib retrace)
- $0.00036185 (0.618 fib retrace)
Thoughts?
Trade chiuso: obiettivo raggiunto:
Hit the target, nice trade and well done, although we have bounced. It can come back down again!