Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.000062820 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.000064050 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ candlestick pattern is found. 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 | 0.000064050 |
| Current Price | 0.000063350 |
| Next Low | 0.000062820 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060780 |
0.000064050 – 0.000063870 – 0.000063650 – 0.000062820 – 0.000062660 – 0.000060780 — 49.631874054349 – 48.132319090449
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –