LUNC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.000055150 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000058450 could occur.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Northern Doji’ candlestick chart pattern is found. The chart forms ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.000058450 – 0.000058340 – 0.000057560 – 0.000055150 – 0.000056840 – 0.000056630

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