LUNC/USDT – 1H – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000057730 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.
And also a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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 | 0.000061860 |
| 2nd High | 0.000058450 |
| Next High | 0.000057730 |
| Current Price | 0.000055730 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000057730 – 0.000056170 – 0.000056090 – 0.000055440 – 0.000055450 – 0.000054880
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji –