LUNC/USDT – 4H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the downtrend downwards to the next support at 0.000060700 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.000072460 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘RSI cross above 30’ indicator signal is existing. The indicator is ‘RSI cross above 30’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 5.804476E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000072460 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ candle pattern is detected. The candles form ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.000072460 – 0.000065320 – 0.000065680 – 0.000060700 – 0.000055050 – 0.000055440

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –