LUNC/USDT – 1H – BUY

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

An ascent upwards to the next resistance level at 0.000063590 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 0.000060570 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 6.561E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.000063590 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000063590 – 0.000069280 – 0.000072460 – 0.000060570 – 0.000058760 – 0.000066850 — 52.687415264927 – 55.600688738146

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – –