Also there is a ‘Falling Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The pair is likely to go up.
The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 0.000062530 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 0.000061370 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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 | 0.000062780 |
| 2nd High | 0.000062670 |
| Next High | 0.000062530 |
| Current Price | 0.000062670 |
| Next Low | 0.000061370 |
| 2nd Low | 0.000060410 |
| 3rd Low | 0.000059920 |
0.000062530 – 0.000062670 – 0.000062780 – 0.000061370 – 0.000061710 – 0.000060410
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji