LUNC/USDT – 1H – SELL

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

A descent down to the next support line at 0.000060610 is expected.

Caution: A possible change in the direction of resistance at 0.000062580 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.0222E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.000062580 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. this is a bullish signal. The 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).

0.000062580 – 0.000061390 – 0.000061000 – 0.000060610 – 0.000059930 – 0.000059580 — 38.01616910244 – 37.879877340188

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Triple bottom chart pattern – –