LUNC/USDT – 30M – BUY

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

A bullish movement up to the next resistance level at 0.000063650 is expected.

Caution: A possible reversal of the trend in the direction of the support level at could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Furthermore a ‘Bullish Engulfing’ chart pattern is existing. The chart forms ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ heading up is 63%.

0.000063650 – 0.000063850 – 0.000062780 – 0.000060780 – 0.000060570 – 0.000058760 — 49.637172377509 – 56.398708735554

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bullish Engulfing – Double bottom retreat down –