LUNC/USDT – 1H – BUYThe pair Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 0.000065400 is expected.
Caution: A possible change in the direction of the support zone at 0.000060800 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Engulfing’ chart pattern is discovered. The chart forms ‘Bullish Engulfing’. 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 likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000065400 |
| Current Price | 0.000063580 |
| Next Low | 0.000060800 |
| 2nd Low | 0.000060700 |
| 3rd Low | 0.000055570 |
0.000065400 – 0.000063870 – 0.000065320 – 0.000060800 – 0.000060700 – 0.000060770
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Double bottom chart pattern