LUNC/USDT – 4H – BUY

The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the ascending trendline up.

A continuation of the uptrend upwards to the next resistance line at 0.000067870 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.000060700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 6.568E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.000067870 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. 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).

0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji –