LUNC/USDT – 30M – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 0.000060990 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.000058960 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Line Strike – Bullish’ candlestick chart pattern is detected. The chart forms ‘Three Line Strike – Bullish’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064290 |
| 2nd High | 0.000062580 |
| Next High | 0.000060990 |
| Current Price | 0.000061560 |
| Next Low | 0.000058960 |
| 2nd Low | 0.000058240 |
| 3rd Low | 0.000055560 |
0.000060990 – 0.000060040 – 0.000062580 – 0.000058960 – 0.000059170 – 0.000058240
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Line Strike – Bullish