LUNC/USDT – 1H – BUYThe pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance at 0.000060060 is certain.
Caution: A possible trend reversal in the direction of support at 0.000059060 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062500 |
| 2nd High | 0.000061050 |
| Next High | 0.000060060 |
| Current Price | 0.000060550 |
| Next Low | 0.000059060 |
| 2nd Low | 0.000058600 |
| 3rd Low | 0.000057760 |
0.000059900 – 0.000059720 – 0.000060060 – 0.000059060 – 0.000058600 – 0.000057760 — 69.346528923597 – 72.18133909539
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Engulfing – – –