LUNC/USDT – 1H – BUY

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

An ascent upwards to the next resistance line at 0.000059370 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 0.000058280 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 5.997E-5 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.000059370 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000059370 – 0.000059970 – 0.000059960 – 0.000058280 – 0.000057260 – 0.000056800 — 59.355669455271 – 59.893167221513

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double top retreat up – –