Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.
A bearish trend down to the next support level at 0.000060120 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000062850 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Also there is a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. 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 chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000063920 |
| Next High | 0.000062850 |
| Current Price | 0.000060230 |
| Next Low | 0.000060120 |
| 2nd Low | 0.000059920 |
| 3rd Low | 0.000058100 |
0.000062850 – 0.000062530 – 0.000062670 – 0.000060120 – 0.000061370 – 0.000061710
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low