LUNC/USDT – 30M – BUY

The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bullish trendline upwards

A continuation of the uptrend up to the next resistance level at 0.000065400 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 0.000062470 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 6.54E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.000065400 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

0.000065400 – 0.000063590 – 0.000063870 – 0.000062470 – 0.000063550 – 0.000062490

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Triple bottom chart pattern