LUNC/USDT – 1H – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 0.000058100 is certain.
Caution: A possible change in the direction of the resistance line at 0.000061840 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 6.035792E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.000061840 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000061840 |
| Current Price | 0.000061540 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000061840 – 0.000059780 – 0.000060150 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low