The currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 0.000062370 is likely expected.
Caution: A possible change in the direction of resistance at 0.000063590 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065320 |
| 2nd High | 0.000063870 |
| Next High | 0.000063590 |
| Current Price | 0.000063180 |
| Next Low | 0.000062370 |
| 2nd Low | 0.000060800 |
| 3rd Low | 0.000060700 |
0.000063590 – 0.000063870 – 0.000063350 – 0.000062370 – 0.000060800 – 0.000060700
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Triple bottom chart pattern