LUNC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.000059610 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.000065040 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘RSI cross above 30’ indicator signal is existing. The indicator shows ‘RSI cross above 30’. which could be a positive signal. The currency pair is likely to rise.

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

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 5.961E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000065040 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Southern Doji’ candle chart pattern is found. The candles show ‘Southern 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 likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.000065040 – 0.000064050 – 0.000063850 – 0.000059610 – 0.000062800 – 0.000062660 — 35.486871577176 – 35.335103072454

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Southern Doji – Double top retreat up –