The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 0.000065040 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 0.000062800 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘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 | 0.000072460 |
| 2nd High | 0.000069280 |
| Next High | 0.000065040 |
| Current Price | 0.000061830 |
| Next Low | 0.000062800 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060570 |
0.000065040 – 0.000064050 – 0.000063850 – 0.000062800 – 0.000062660 – 0.000060570 — 51.109001815016 – 51.337396409898
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom chart pattern –