LUNC/USDT – 1H – BUYThe currency pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 0.000060060 is certain.
Caution: A possible trend reversal in the direction of the support line at 0.000057760 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bullish Engulfing’ chart pattern is detected. The chart forms ‘Bullish Engulfing’. this 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 chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062500 |
| 2nd High | 0.000061050 |
| Next High | 0.000060060 |
| Current Price | 0.000059090 |
| Next Low | 0.000057760 |
| 2nd Low | 0.000057260 |
| 3rd Low | 0.000056800 |
0.000060060 – 0.000059600 – 0.000059370 – 0.000057760 – 0.000058280 – 0.000057260 — 51.575720551756 – 52.150200164964
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Symmetrical Triangle Chart Pattern – –