LUNC/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support line at 0.000061370 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000062850 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Three Inside Down’ chart pattern is discovered. The candles show ‘Three Inside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000062850 |
| Current Price | 0.000061370 |
| Next Low | 0.000061370 |
| 2nd Low | 0.000060410 |
| 3rd Low | 0.000059920 |
0.000062850 – 0.000062530 – 0.000062670 – 0.000061370 – 0.000061710 – 0.000060410
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Inside Down