LUNC/USDT – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.000055450 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000062850 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
In addition a ‘Three Inside Down’ candlestick pattern is discovered. The chart shows ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000064560 |
| Next High | 0.000062850 |
| Current Price | 0.000060610 |
| Next Low | 0.000055450 |
| 2nd Low | 0.000051200 |
| 3rd Low | 0.000050590 |
0.000062850 – 0.000060150 – 0.000061780 – 0.000055450 – 0.000058100 – 0.000055560
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Inside Down