LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.000056950 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.000060540 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062580 |
| 2nd High | 0.000061860 |
| Next High | 0.000060540 |
| Current Price | 0.000057740 |
| Next Low | 0.000056950 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000055450 |
0.000060540 – 0.000061860 – 0.000061770 – 0.000056950 – 0.000058770 – 0.000060660
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows