LUNC/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.000059610 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.000065040 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘RSI fall below 30’ indicator signal is existing. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 5.961E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000065040 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. 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 likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000065040 – 0.000064050 – 0.000063850 – 0.000059610 – 0.000062800 – 0.000062660 — 35.486871577176 – 35.109868835509

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