LUNC/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.000056400 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.000059930 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000059930 – 0.000059820 – 0.000062500 – 0.000056400 – 0.000061780 – 0.000057460 — 54.168800590891 – 54.168800590891

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –