The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support at 0.000061480 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000063420 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 6.046E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.000063420 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064170 |
| 2nd High | 0.000063460 |
| Next High | 0.000063420 |
| Current Price | 0.000061560 |
| Next Low | 0.000061480 |
| 2nd Low | 0.000057460 |
| 3rd Low | 0.000057400 |
0.000063420 – 0.000062890 – 0.000063460 – 0.000061780 – 0.000061480 – 0.000057460 — 39.964524117362 – 36.976804776252