LUNC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.000051880 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.000056590 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 5.506E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000056590 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000056590 – 0.000056520 – 0.000057270 – 0.000055270 – 0.000055060 – 0.000055120

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Matching Low – Inverse Head and Shoulder chart pattern