There is also a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Falling Wedge Chart Pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 0.000061770 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.000060660 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064290 |
| 2nd High | 0.000062580 |
| Next High | 0.000061770 |
| Current Price | 0.000061600 |
| Next Low | 0.000060660 |
| 2nd Low | 0.000058960 |
| 3rd Low | 0.000058240 |
0.000061770 – 0.000060990 – 0.000060040 – 0.000060660 – 0.000058960 – 0.000059170
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji