The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 0.000062660 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000063870 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candlestick pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. 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 | 0.000069280 |
| 2nd High | 0.000069150 |
| Next High | 0.000063870 |
| Current Price | 0.000063240 |
| Next Low | 0.000062660 |
| 2nd Low | 0.000060780 |
| 3rd Low | 0.000060570 |
0.000063870 – 0.000063650 – 0.000063850 – 0.000062660 – 0.000060780 – 0.000060570 — 50.208901447762 – 50.481198920807
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern –