LUNC/USDT – 4H – SELLIn addition a ‘Double bottom retreat down’ chart formation is found. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support at 0.000060700 will persist.
Caution: A possible change in the direction of the resistance line at 0.000072990 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000072990 |
| Current Price | 0.000069230 |
| 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 – Double bottom retreat down