LUNC/USDT – 1H – BUY

The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.000114630 is certain.

Caution: A possible change in the direction of resistance at 0.000121990 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00011512 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.000121990 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low