LUNC/USDT – 1H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.000057730 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061860 |
| 2nd High | 0.000058450 |
| Next High | 0.000057730 |
| Current Price | 0.000055730 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000057730 – 0.000056170 – 0.000056090 – 0.000055440 – 0.000055450 – 0.000054880
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji –