LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.000057260 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.000059310 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 5.8385E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000059310 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000059310 – 0.000058990 – 0.000059970 – 0.000057260 – 0.000056800 – 0.000057480 — 58.910898944519 – 56.967153884114

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