Then a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support at 0.000058600 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.000059830 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Then a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061050 |
| 2nd High | 0.000060060 |
| Next High | 0.000059830 |
| Current Price | 0.000059660 |
| Next Low | 0.000058600 |
| 2nd Low | 0.000058500 |
| 3rd Low | 0.000057760 |
0.000059830 – 0.000059720 – 0.000059400 – 0.000058600 – 0.000058900 – 0.000058500 — 60.56766524032 – 60.56766524032
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –