Then a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support line at 0.000058760 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.000065040 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000072990 |
| 2nd High | 0.000072460 |
| Next High | 0.000065040 |
| Current Price | 0.000059510 |
| Next Low | 0.000058760 |
| 2nd Low | 0.000055050 |
| 3rd Low | 0.000054120 |
0.000065040 – 0.000072460 – 0.000065320 – 0.000058760 – 0.000060700 – 0.000055050 — 38.613212378841 – 38.469350037102
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern –