LUNC/USDT – 4H – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 0.000065320 will persist.
Caution: A possible change in the direction of the support zone at 0.000060700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Hammer’ candle chart pattern is detected. The chart forms ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000065320 |
| Current Price | 0.000068490 |
| Next Low | 0.000060700 |
| 2nd Low | 0.000055050 |
| 3rd Low | 0.000054120 |
0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Hammer – Double top retreat up