LUNC/USDT – 1H – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support at 0.000058100 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000062780 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘Southern Doji’ candle chart pattern is existing. The candles show ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000062780 |
| Current Price | 0.000061820 |
| Next Low | 0.000058100 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000051200 |
0.000062780 – 0.000061840 – 0.000059780 – 0.000058100 – 0.000058800 – 0.000059070
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Southern Doji