LUNC/USDT – 1H – BUY

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

A continuation of the downtrend down to the next support level at 0.000107950 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.000114910 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.00010851286 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000114910 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows