LUNC/USDT – 4H – BUYFurthermore a ‘Double bottom chart pattern’ chart formation is detected. The chart picture shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to rise.
The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 0.000058750 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.000055050 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064290 |
| 2nd High | 0.000061860 |
| Next High | 0.000058750 |
| Current Price | 0.000063830 |
| Next Low | 0.000055050 |
| 2nd Low | 0.000054120 |
| 3rd Low | 0.000049730 |
0.000058750 – 0.000057270 – 0.000058450 – 0.000055050 – 0.000055440 – 0.000054120
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Belt Hold – Double bottom chart pattern