There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.000061800 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000065680 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency 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 | 0.000069620 |
| 2nd High | 0.000067870 |
| Next High | 0.000065680 |
| Current Price | 0.000062620 |
| Next Low | 0.000061800 |
| 2nd Low | 0.000055570 |
| 3rd Low | 0.000055050 |
0.000065680 – 0.000056370 – 0.000057180 – 0.000061800 – 0.000063190 – 0.000063110
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern