LUNC/USDT – 4H – BUY

The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance level at 0.000067870 will continue.

Caution: A possible change in the direction of support at 0.000060700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 6.568E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 0.000067870 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom retreat down