LUNC/USDT – 1H – BUY

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

A continuation of the downward movement downwards to the next support at 0.000114630 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000121990 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00011512 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.000121990 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low