LUNC/USDT – 4H – BUYThe pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance line at 0.000057270 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 0.000054120 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.
And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
And also a ‘Northern Doji’ candle pattern is existing. The chart shows ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061860 |
| 2nd High | 0.000058450 |
| Next High | 0.000057270 |
| Current Price | 0.000056020 |
| Next Low | 0.000054120 |
| 2nd Low | 0.000049730 |
| 3rd Low |
0.000057270 – 0.000058450 – 0.000061860 – 0.000054120 – 0.000049730 – 0.000056160
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji –