LUNC/USDT – 4H – BUY

The pair Terra Luna Classic/Tether (LUNC/USDT) breaks through the bearish trendline upwards

A bullish trend up to the next resistance at 0.000072460 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.

Besides a ‘RSI fall below 70’ indicator layout is discovered. The indicator shows ‘RSI fall below 70’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 6.835124E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.000072460 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ chart pattern is detected. The chart forms ‘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’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000072460 – 0.000065320 – 0.000065680 – 0.000058760 – 0.000060700 – 0.000055050 — 55.757128343629 – 56.220910127456

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