LUNC/USDT – 30M – SELL

The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at 0.000060700 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000063350 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 6.07E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000063350 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000063350 – 0.000065320 – 0.000064200 – 0.000060700 – 0.000062390 – 0.000061840

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern