The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 0.000060140 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 0.000059060 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Bullish Engulfing’ candlestick pattern is found. The candles form ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062500 |
| 2nd High | 0.000061050 |
| Next High | 0.000060140 |
| Current Price | 0.000059950 |
| Next Low | 0.000059060 |
| 2nd Low | 0.000058600 |
| 3rd Low | 0.000058500 |
0.000060140 – 0.000059900 – 0.000059830 – 0.000059060 – 0.000058600 – 0.000058900 — 53.547499821713 – 56.330332880742
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Rising Wedge Chart Pattern – –