Lumen Equilibrium Pattern
Updated
Lumen has broken this equilibrium pattern with a higher high.
It is very likely to test the 491 satoshi level again and potentially even the 520 level.
if it's able to break the 520 level, then you can expect an increase up to test the 550 level. The next resistance after that is 650.
I'd argue this could be a VERY good entry point but you'd have to hold for awhile.
Alternatively, you could wait until 550 level break upwards and ride the wave to 600.
Good luck out there and happy trading everyone!
DISCLAIMER:
Take this advice at your own risk.
It is very likely to test the 491 satoshi level again and potentially even the 520 level.
if it's able to break the 520 level, then you can expect an increase up to test the 550 level. The next resistance after that is 650.
I'd argue this could be a VERY good entry point but you'd have to hold for awhile.
Alternatively, you could wait until 550 level break upwards and ride the wave to 600.
Good luck out there and happy trading everyone!
DISCLAIMER:
Take this advice at your own risk.
Note
May break 460 support and test 449 support - needs to hold 449 support or more downside expected. Volume on this last red candle is not a bull-ish sign.If you're still holding and it's within 450-460 range, you should hold on to see how it tests the key support level of 449.
Personally, I'm waiting for a break of 520 to enter Lumen. Good luck out there!
Disclaimer
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