LUNC/USDT – 30M – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance line at 0.000064200 is certain.
Caution: A possible trend reversal in the direction of the support level at 0.000062390 could happen.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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 | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000064200 |
| Current Price | 0.000064300 |
| Next Low | 0.000062390 |
| 2nd Low | 0.000061840 |
| 3rd Low | 0.000060770 |
0.000064200 – 0.000062990 – 0.000064110 – 0.000062390 – 0.000061840 – 0.000060770
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Double top retreat up