LUNC/USDT – 1H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish descent down to the next support level at 0.000057260 will continue.

Caution: A possible change in the direction of the resistance line at 0.000061500 could happen.
Consider stop-loss settings accordingly.

Besides a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘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 0.24-Level.Continuation of the current descending trend will continue. Current target is 5.726E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 0.000061500 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000061500 – 0.000062070 – 0.000065040 – 0.000057260 – 0.000059020 – 0.000059610 — 31.798089587543 – 31.468065130211

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –