The pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bearish trendline upwards
A bullish movement up to the next resistance level at 0.000056590 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.000051880 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Also there is a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000058450 |
2nd High | 0.000057270 |
Next High | 0.000056590 |
Current Price | 0.000055020 |
Next Low | 0.000051880 |
2nd Low | 0.000049730 |
3rd Low |
0.000056590 – 0.000056520 – 0.000057270 – 0.000055270 – 0.000055060 – 0.000055120
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Double top retreat up