The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.000064050 is certain.
Caution: A possible change in the direction of support at 0.000062820 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000069280 |
| 2nd High | 0.000069150 |
| Next High | 0.000064050 |
| Current Price | 0.000063480 |
| Next Low | 0.000062820 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060780 |
0.000064050 – 0.000063870 – 0.000063650 – 0.000062820 – 0.000062660 – 0.000060780 — 43.805547641296 – 52.071501821582
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double top retreat up –