The combination Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.000058240 is expected.
Caution: A possible change in the direction of the resistance level at 0.000060540 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candlestick chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000062580 |
2nd High | 0.000061860 |
Next High | 0.000060540 |
Current Price | 0.000058110 |
Next Low | 0.000058240 |
2nd Low | 0.000055560 |
3rd Low | 0.000055450 |
0.000060540 – 0.000061860 – 0.000061770 – 0.000058770 – 0.000060660 – 0.000058960
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji