LUNC/USDT – 30M – BUYBesides a ‘Falling Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to go up.
The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 0.000058530 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.000056950 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Belt Hold’ candlestick pattern is detected. The chart forms ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061860 |
| 2nd High | 0.000060540 |
| Next High | 0.000058530 |
| Current Price | 0.000056970 |
| Next Low | 0.000056950 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000055450 |
0.000058530 – 0.000060540 – 0.000061860 – 0.000056950 – 0.000058770 – 0.000060660
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Belt Hold