The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 0.000065680 is certain.
Caution: A possible trend reversal in the direction of the support zone at 0.000061800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000069620 |
| 2nd High | 0.000067870 |
| Next High | 0.000065680 |
| Current Price | 0.000062770 |
| Next Low | 0.000061800 |
| 2nd Low | 0.000055570 |
| 3rd Low | 0.000055050 |
0.000065680 – 0.000056370 – 0.000057180 – 0.000061800 – 0.000063190 – 0.000063110
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji –