LUNC/USDT – 30M – BUY

The currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline up.

A bullish ascent up to the next resistance line at 0.000060540 will persist.

Caution: A possible trend reversal in the direction of the support level at 0.000058770 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 5.949924E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.000060540 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which is a bullish 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).

0.000060540 – 0.000061860 – 0.000061770 – 0.000058770 – 0.000060660 – 0.000058960

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji