LUNC/USDT – 1H – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance line at 0.000063920 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.000058100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 6.184E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.000063920 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000064560 |
| Next High | 0.000063920 |
| Current Price | 0.000062770 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000061840 – 0.000059780 – 0.000060150 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji