The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.000056160 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.000061860 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000064560 |
2nd High | 0.000064290 |
Next High | 0.000061860 |
Current Price | 0.000054330 |
Next Low | 0.000056160 |
2nd Low | 0.000055450 |
3rd Low | 0.000051200 |
0.000061860 – 0.000064290 – 0.000062850 – 0.000056160 – 0.000055450 – 0.000058100
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows