LUNC/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.000061800 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000065680 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000069620 |
| 2nd High | 0.000067870 |
| Next High | 0.000065680 |
| Current Price | 0.000063110 |
| 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 – Last Engulfing Top – Rising Wedge Chart Pattern