LUNC/USDT – 4H – BUYThe combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 0.000065680 will continue.
Caution: A possible change in the direction of the support zone at 0.000060700 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000072990 |
| 2nd High | 0.000067870 |
| Next High | 0.000065680 |
| Current Price | 0.000068630 |
| Next Low | 0.000060700 |
| 2nd Low | 0.000055050 |
| 3rd Low | 0.000054120 |
0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Double bottom chart pattern