LUNC/USDT – 1H – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance line at 0.000101700 is likely expected.
Caution: A possible trend reversal in the direction of support at 0.000095050 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000110150 |
| Next High | 0.000101700 |
| Current Price | 0.000100460 |
| Next Low | 0.000095050 |
| 2nd Low | 0.000091500 |
| 3rd Low | 0.000089230 |