LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.000060660 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000061770 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Matching Low’ candle pattern is found. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064290 |
| 2nd High | 0.000062580 |
| Next High | 0.000061770 |
| Current Price | 0.000061450 |
| Next Low | 0.000060660 |
| 2nd Low | 0.000058960 |
| 3rd Low | 0.000058240 |
0.000061770 – 0.000060990 – 0.000060040 – 0.000060660 – 0.000058960 – 0.000059170
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low