LUNC/USDT – 30M – BUYThe pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 0.000059720 is expected.
Caution: A possible reversal of the trend in the direction of support at 0.000058600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Tweezers Bottom’ chart pattern is found. The candles form ‘Tweezers Bottom’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Bottom’ heading up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061050 |
| 2nd High | 0.000060060 |
| Next High | 0.000059720 |
| Current Price | 0.000059370 |
| Next Low | 0.000058600 |
| 2nd Low | 0.000058500 |
| 3rd Low | 0.000057760 |
0.000059720 – 0.000059400 – 0.000060060 – 0.000058600 – 0.000058900 – 0.000058500 — 58.793066389399 – 60.690739295365
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Tweezers Bottom – Double bottom chart pattern – –