LUNC/USDT – 30M – BUY

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

An ascending movement up to the next resistance at 0.000059660 is expected.

Caution: A possible change in the direction of support at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 6.0305E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 0.000059660 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000059660 – 0.000062360 – 0.000062360 – 0.000057610 – 0.000058480 – 0.000060870 — 59.380850496195 – 62.58423119445

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Northern Doji – Double top retreat up – –