LUNC/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support line at 0.000061800 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000065680 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Last Engulfing Top’ chart pattern is discovered. The candles show ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going 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