Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support level at 0.000062820 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000069150 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 6.30912E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.000069150 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000072460 |
| 2nd High | 0.000069280 |
| Next High | 0.000069150 |
| Current Price | 0.000063550 |
| Next Low | 0.000062820 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060780 |
0.000063870 – 0.000063650 – 0.000063850 – 0.000062820 – 0.000062660 – 0.000060780 — 59.442718925107 – 53.895972580255
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – – Rising Wedge Chart Pattern –