LUNC/USDT – 30M – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.000056160 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000058390 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000060540 |
| 2nd High | 0.000058530 |
| Next High | 0.000058390 |
| Current Price | 0.000057700 |
| Next Low | 0.000056160 |
| 2nd Low | 0.000055560 |
| 3rd Low | 0.000055450 |
0.000058390 – 0.000058530 – 0.000060540 – 0.000056160 – 0.000056950 – 0.000058770
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji