And also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support level at 0.000061800 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.000065680 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 | 0.000062620 |
| 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 – Rising Wedge Chart Pattern