The pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at 0.000055560 is certain.
Caution: A possible change in the direction of the resistance level at 0.000059780 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 5.82E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.000059780 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063920 |
| 2nd High | 0.000062850 |
| Next High | 0.000059780 |
| Current Price | 0.000056600 |
| Next Low | 0.000055560 |
| 2nd Low | 0.000053540 |
| 3rd Low | 0.000051200 |
0.000059780 – 0.000062850 – 0.000062530 – 0.000058200 – 0.000060120 – 0.000061370