LUNC/USDT – 30M – BUYThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline up.
A bullish ascent upwards to the next resistance at 0.000059780 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.000055560 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bullish Belt Hold’ chart pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063920 |
| 2nd High | 0.000062850 |
| Next High | 0.000059780 |
| Current Price | 0.000056200 |
| Next Low | 0.000055560 |
| 2nd Low | 0.000053540 |
| 3rd Low | 0.000051200 |
0.000059780 – 0.000062850 – 0.000062530 – 0.000058200 – 0.000060120 – 0.000061370
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Belt Hold