LUNC/USDT – 30M – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline upwards
A bullish ascent up to the next resistance line at 0.000062890 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 0.000061480 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bullish Engulfing’ candle pattern is existing. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064170 |
| 2nd High | 0.000063460 |
| Next High | 0.000062890 |
| Current Price | 0.000062290 |
| Next Low | 0.000061480 |
| 2nd Low | 0.000057460 |
| 3rd Low | 0.000057400 |
0.000062890 – 0.000063460 – 0.000059840 – 0.000061480 – 0.000057460 – 0.000058860 — 50.070497649442 – 51.591469635982
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Double bottom chart pattern – –