LUNC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 0.000057260 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.000061500 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘RSI cross above 30’ indicator layout is found. The indicator is ‘RSI cross above 30’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000061500 – 0.000062070 – 0.000065040 – 0.000057260 – 0.000059020 – 0.000059610 — 29.526709459196 – 27.699858048201

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double top chart pattern –