Also there is a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 0.000062820 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.000064050 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.
Also there is a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000069280 |
| 2nd High | 0.000069150 |
| Next High | 0.000064050 |
| Current Price | 0.000063350 |
| Next Low | 0.000062820 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060780 |
0.000064050 – 0.000063870 – 0.000063650 – 0.000062820 – 0.000062660 – 0.000060780 — 49.631874054349 – 48.132319090449
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –