LUNC/USDT – 4H – BUYNext a ‘Double bottom chart pattern’ chart pattern is discovered. The formation shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 0.000058750 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.000055050 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles show ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going 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