LUNC/USDT – 4H – BUYThe pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 7.0E-5 is expected.
Caution: A possible trend reversal in the direction of the support line at 5.0E-5 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Three Inside Up’ candlestick pattern is existing. The candles show ‘Three Inside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Up’ heading up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 8.0E-5 |
| Next High | 7.0E-5 |
| Current Price | 0.000071660 |
| Next Low | 5.0E-5 |
| 2nd Low | 4.0E-5 |
| 3rd Low | 3.0E-5 |
7.0E-5 – 6.0E-5 – 5.0E-5 – 5.0E-5 – 4.0E-5 – 4.0E-5 —
0.000066680 – 0.000071100 —
63.760179670911 – 64.401754173263 —
– —
7.0E-5 – 1777334400
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Inside Up – – –