LUNC/USDT – 4H – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 0.000065320 is expected.
Caution: A possible counter-trend in the direction of support at 0.000055050 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 6.568E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 0.000065320 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Northern Doji’ candle pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000065320 |
| Current Price | 0.000062810 |
| Next Low | 0.000055050 |
| 2nd Low | 0.000054120 |
| 3rd Low | 0.000049730 |
0.000065320 – 0.000065680 – 0.000058750 – 0.000055050 – 0.000055440 – 0.000054120
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom retreat down