Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination Terra Luna Classic/Tether (LUNC/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.000067360 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000069280 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000072990 |
| 2nd High | 0.000072460 |
| Next High | 0.000069280 |
| Current Price | 0.000067390 |
| Next Low | 0.000067360 |
| 2nd Low | 0.000066850 |
| 3rd Low | 0.000065630 |
0.000069280 – 0.000068950 – 0.000072460 – 0.000067360 – 0.000066850 – 0.000069210
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern –