LUNC/USDT – 1H – BUY

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

A continuation of the downtrend down to the next support level at 0.000114630 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000121990 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.00011512 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000121990 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency 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).

Download LUNC/USDT Signal Image

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