LUNC/USDT – 1H – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.000062670 is expected.
Caution: A possible trend reversal in the direction of the support line at 0.000058100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.
Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.
Next a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063920 |
| 2nd High | 0.000062780 |
| Next High | 0.000062670 |
| Current Price | 0.000061050 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000062670 – 0.000062780 – 0.000061840 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Belt Hold