The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance level at 0.000061840 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.000060410 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000061840 |
| Current Price | 0.000062770 |
| Next Low | 0.000060410 |
| 2nd Low | 0.000059920 |
| 3rd Low | 0.000058100 |
0.000061840 – 0.000059780 – 0.000059850 – 0.000060410 – 0.000059920 – 0.000058100
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji