Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 0.000059000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.000062690 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Matching Low’ chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064170 |
| 2nd High | 0.000063460 |
| Next High | 0.000062690 |
| Current Price | 0.000055970 |
| Next Low | 0.000059000 |
| 2nd Low | 0.000057760 |
| 3rd Low | 0.000056800 |
0.000062690 – 0.000062580 – 0.000060060 – 0.000059000 – 0.000057760 – 0.000059580 — 23.842348406368 – 22.785538553605
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –