The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 0.000069150 will persist.
Caution: A possible counter-trend in the direction of the support zone at 0.000062800 could happen.
Consider stop-loss settings accordingly.
And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 6.405E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 0.000069150 could happen.
Consider stop-loss settings accordingly.
And also a ‘Latter Bottom’ candle pattern is existing. The candles form ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000072460 |
| 2nd High | 0.000069280 |
| Next High | 0.000069150 |
| Current Price | 0.000064690 |
| Next Low | 0.000062800 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060780 |
0.000064050 – 0.000063870 – 0.000063650 – 0.000062800 – 0.000062820 – 0.000062660 — 57.516689539661 – 66.366893692287
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Latter Bottom – Double top retreat up –