LUNC/USDT – 1H – SELL

Then a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline down.

A bearish movement down to the next support at 0.000057260 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000061500 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 5.726E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000061500 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘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 success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000061500 – 0.000062070 – 0.000065040 – 0.000057260 – 0.000059020 – 0.000059610 — 31.798089587543 – 31.468065130211

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –