LUNC/USDT – 30M – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.000062370 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000063870 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065680 |
| 2nd High | 0.000065320 |
| Next High | 0.000063870 |
| Current Price | 0.000063110 |
| Next Low | 0.000062370 |
| 2nd Low | 0.000060800 |
| 3rd Low | 0.000060700 |
0.000063870 – 0.000063350 – 0.000065320 – 0.000062370 – 0.000060800 – 0.000060700
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern