LUNC/USDT – 1H – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline down.
A bearish movement down to the next support level at 0.000058100 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.000061780 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000061780 |
| Current Price | 0.000060600 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000059780 – 0.000060150 – 0.000059530 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low