Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support at 0.000059510 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.000060460 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
Then a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062690 |
| 2nd High | 0.000062430 |
| Next High | 0.000060460 |
| Current Price | 0.000060180 |
| Next Low | 0.000059510 |
| 2nd Low | 0.000059000 |
| 3rd Low | 0.000058870 |
0.000060460 – 0.000060380 – 0.000062430 – 0.000059510 – 0.000059510 – 0.000059000 — 65.153780936578 – 57.85629858257
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –