LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.000057170 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.000059200 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Matching Low’ candle chart pattern is existing. The candles show ‘Matching Low’. this 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 ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063720 |
| 2nd High | 0.000063400 |
| Next High | 0.000059200 |
| Current Price | 0.000057480 |
| Next Low | 0.000057170 |
| 2nd Low | 0.000057030 |
| 3rd Low | 0.000056610 |
0.000059200 – 0.000063400 – 0.000062700 – 0.000057170 – 0.000057030 – 0.000061750 — 32.145152678866 – 31.337497758115
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Double top chart pattern – –