The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline up.
An ascent up to the next resistance at 0.000061000 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.000059580 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bullish Belt Hold’ chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062500 |
| 2nd High | 0.000061280 |
| Next High | 0.000061000 |
| Current Price | 0.000060840 |
| Next Low | 0.000059580 |
| 2nd Low | 0.000059060 |
| 3rd Low | 0.000058600 |
0.000061000 – 0.000061000 – 0.000061280 – 0.000059580 – 0.000060270 – 0.000059900 — 59.571989959453 – 62.642195460687
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Belt Hold – – –