LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline down.

A descending movement down to the next support line at 0.000063350 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000069150 is also possible.
Consider stop-loss settings accordingly.

Next a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which could be a positive signal. The pair is likely to go up.

Next a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000064050 – 0.000063870 – 0.000063650 – 0.000063350 – 0.000062800 – 0.000062820 — 56.026600651674 – 55.608923306706

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Double bottom retreat down –