Below post I've analyzed LUNC/BUSD 4 day ago:

https://www.publish0x.com/paradoxal-investment/lunc-is-it-time-for-a-new-run-xvmwgqy

After 4 days let's look at what happened!

When we look at the chart, the first thing that catches our attention is a point which worked as resistance for 3 times: 0.00010410!

And let's look at what we have told in previous post:

It's above the biggest MA (233) and there would be a resistance on 0.00010430 (which is almost same with above)

So, long word short, if it can cross over 0.00010400 and remain for 2 consecutive bars (for 4H) I think we can witness a new run for LUNC.

So it crossed over 0.00010400 3 times but they didn't even let it stays there for 5 minutes each time let alone 2 consecutive bars with 4H! So, the expected rise did not materialize.

Now a closer look:

Look how bars are sandwiched between 8 (white) and 21 (yellow) MAs in last 4 days!

That means We are at a decision point. Whether we go up or down will become clear in several days (or maybe hours), and it will depend on which of these lines is crossed up or down!

I share these analyzes to show how effective analysis tools the Fibonacci Moving Averages are. If you're looking for a simple but effective analyze tool, Fibo MAs are just for you!