LUNC/USDT – 1H – BUYThe currency pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.000064110 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.000060770 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern 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 | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000064110 |
| Current Price | 0.000063000 |
| Next Low | 0.000060770 |
| 2nd Low | 0.000055570 |
| 3rd Low | 0.000055050 |
0.000064110 – 0.000065680 – 0.000057180 – 0.000060770 – 0.000061800 – 0.000055570
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom chart pattern