LUNC/USDT – 4H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support line at 0.000060700 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.000072460 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘RSI cross above 30’ indicator layout is found. The indicator shows ‘RSI cross above 30’. which is often a bullish signal. The pair is likely to go up.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 5.804476E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000072460 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Southern Doji’ candle chart pattern is found. The chart forms ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.000072460 – 0.000065320 – 0.000065680 – 0.000060700 – 0.000055050 – 0.000055440

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –