LUNC/USDT – 30M – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.
A bearish trend down to the next support at 0.000063190 is expected.
Caution: A possible change in the direction of the resistance level at 0.000065680 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000069620 |
| 2nd High | 0.000067870 |
| Next High | 0.000065680 |
| Current Price | 0.000062550 |
| Next Low | 0.000063190 |
| 2nd Low | 0.000063110 |
| 3rd Low | 0.000055570 |
0.000065680 – 0.000056370 – 0.000057180 – 0.000063190 – 0.000063110 – 0.000055570
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows – Double top chart pattern