LUNC/USDT – 4H – BUY

The combination Terra Luna Classic/Tether (LUNC/USDT) breaks through the ascending trendline up.

A continuation of the upward movement upwards to the next resistance at 0.000067870 is expected.

Caution: A possible trend reversal in the direction of the support level at 0.000060700 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 6.568E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.000067870 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Northern Doji – Double bottom retreat down