LUNC/USDT – 1H – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 0.000055450 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.000057730 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. this 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 ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061860 |
| 2nd High | 0.000058450 |
| Next High | 0.000057730 |
| Current Price | 0.000055780 |
| Next Low | 0.000055450 |
| 2nd Low | 0.000054880 |
| 3rd Low | 0.000054410 |
0.000057730 – 0.000056170 – 0.000056090 – 0.000055450 – 0.000054880 – 0.000054410
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern