The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 0.000064170 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.000057300 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 6.445E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000064170 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065040 |
| 2nd High | 0.000064450 |
| Next High | 0.000064170 |
| Current Price | 0.000063150 |
| Next Low | 0.000057300 |
| 2nd Low | 0.000057000 |
| 3rd Low | 0.000056610 |
0.000064170 – 0.000063400 – 0.000064450 – 0.000057300 – 0.000057000 – 0.000059560 — 67.064604294804 – 68.721104328148
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom retreat down – –