LUNC/USDT – 1H – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 0.000058100 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.000062670 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063920 |
| 2nd High | 0.000062780 |
| Next High | 0.000062670 |
| Current Price | 0.000061840 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000062670 – 0.000062780 – 0.000061840 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows