Lumens To The Moon!

29 Nis 2018

Daily
Looking over at our trend timeframe we can see price is respecting uptrend structure. Major resistance hit (0.00005500—0.00005100). Possible HH formation @ 0.00005500. Stochastic RSI showing us momentum has bottomed out and heading towards the upside.


4Hour
Shifting over to our pattern timeframe we can see price respecting an ascending wedge pattern. Supports drawn @ 0.00004470 & 0.00004250. Waiting for a break and close above 0.00004800 on the 4hour. Stochastic RSI showing momentum is bearish, price shows other wise.


Hourly
Finally looking over at our trigger timeframe we see price currently testing our support. This would be an ideal entry, or a break and close above 0.00004800 on the hourly/4hour. Stochastic RSI again showing momentum is bearish. However price once again showing otherwise.

Conclusion
Buy: @ 0.0004550 hourly support bounce, or wait for break and close above 0.00048000
Sell: HAHA