LUNC/USDT – 1H – BUY

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 0.000114630 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000121990 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00011512 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.000121990 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. 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 ‘Matching Low’ heading up is 61% (Bull & Bear Market).

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low