LUNC/USDT – 30M – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.000062370 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.000063870 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065680 |
| 2nd High | 0.000065320 |
| Next High | 0.000063870 |
| Current Price | 0.000063110 |
| Next Low | 0.000062370 |
| 2nd Low | 0.000060800 |
| 3rd Low | 0.000060700 |
0.000063870 – 0.000063350 – 0.000065320 – 0.000062370 – 0.000060800 – 0.000060700
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern