LUNC/USDT – 1H – BUY

The pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline downwards

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

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

There is also a ‘Matching Low’ candle pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Download LUNC/USDT Signal Image

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