LUNC/USDT – 4H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.000060700 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000065320 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000065320 |
| Current Price | 0.000063960 |
| Next Low | 0.000060700 |
| 2nd Low | 0.000055050 |
| 3rd Low | 0.000054120 |
0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Triple bottom chart pattern