LUNC/USDT – 4H – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 0.000059560 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000064450 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 5.661E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000064450 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. this 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 chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.000064450 – 0.000061500 – 0.000065040 – 0.000059560 – 0.000056610 – 0.000058760 — 34.335970942307 – 34.04252435382

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –