LUNC/USDT – 1H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.000058100 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000062780 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ chart pattern is discovered. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000062780 |
| Current Price | 0.000062020 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000062780 – 0.000061840 – 0.000059780 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Tweezers Top