LUNC/USDT – 30M – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 0.000062070 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.000059020 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bullish Engulfing’ candle pattern is existing. The chart shows ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000069150 |
| 2nd High | 0.000065040 |
| Next High | 0.000062070 |
| Current Price | 0.000059810 |
| Next Low | 0.000059020 |
| 2nd Low | 0.000058760 |
| 3rd Low | 0.000055570 |
0.000062070 – 0.000065040 – 0.000064050 – 0.000059020 – 0.000059610 – 0.000063350 — 38.389021597594 – 46.525121399524
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Triple top chart pattern –