LUNC/USDT – 4H – BUYThe currency pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline up.
An ascending movement upwards to the next resistance line at 0.000064170 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 0.000057300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065040 |
| 2nd High | 0.000064450 |
| Next High | 0.000064170 |
| Current Price | 0.000062290 |
| Next Low | 0.000057300 |
| 2nd Low | 0.000057000 |
| 3rd Low | 0.000056610 |
0.000064170 – 0.000063400 – 0.000064450 – 0.000057300 – 0.000057000 – 0.000059560 — 60.28209958298 – 60.910555979614
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom chart pattern – –