Moreover a ‘Falling Wedge Chart Pattern’ chart formation is detected. The chart shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The currency pair is likely to go up.
The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 0.000059780 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.000055560 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
Moreover a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063920 |
| 2nd High | 0.000062850 |
| Next High | 0.000059780 |
| Current Price | 0.000057230 |
| Next Low | 0.000055560 |
| 2nd Low | 0.000055450 |
| 3rd Low | 0.000053540 |
0.000056570 – 0.000059780 – 0.000062850 – 0.000055560 – 0.000055450 – 0.000058200
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji