LUNC/USDT – 1H – BUY

The combination Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.000114630 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000121990 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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

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

Download LUNC/USDT Signal Image

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