LUNC/USDT – 30M – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.000058260 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.000055050 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 5.69E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.000058260 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000060540 |
| 2nd High | 0.000058750 |
| Next High | 0.000058260 |
| Current Price | 0.000056140 |
| Next Low | 0.000055050 |
| 2nd Low | 0.000054880 |
| 3rd Low | 0.000054410 |
0.000058260 – 0.000058750 – 0.000056590 – 0.000055050 – 0.000055700 – 0.000057200
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji –