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Ustc Luna classic right now five percent up and also we can see on coin market cap Luna classic is a rank 10 when it comes to top gainers um in the last 24 hours we had a very big pump to the upside of around seven percent to the upside Um of course right now we are seeing a little bit of a retracement after we got rejected at our diagono previous support which now unfortunately is turned into resistance and we can see that very well and we got rejected exactly at this level um right now we are seeing a little bit Of a retracement and also guys what is going to come next will we stay inside this pattern will we pump further or will we drop down lower uh let’s really get into the chart and see the most likely scenario and what really will happen first of all it is important to note That Luna classic still is reacting to the levels of this big pattern um at this point I’ve kind of I kind of doubt that this pattern is actually going to play out however we can see this previous diagonal support right we can see here we got support on it many Times are just perfect entries over there now it kind of turned into Super into resistance we can clearly see we got into it but about price instantly pushed back down the next candle was just pushing price even lower below the 200 dma and right now we are between two Diagonal levels this right here is also a previous diagonal support we can see written perfectly here and then again we found support on it over there but then we got rejected right here but what is happening right now ustc is really pushing lunar classic up higher now look At this this is absolutely crazy uh we had a move to the upside of around 30 percent in just a couple of hours like 12 hours or something like that absolutely crazy move to the upside but of course guys what is going to happen next because we can clearly see this is A very big resistance zone so this is a big surprise on that people are selling I mean usdc you can see and this is a big Supply Zone all the way back from middle of November so 10th of November was the first time this really was acting as a supply Zone then Again we weaked into it perfectly that was the middle of December and then again middle of January Wicked in it perfectly just like we did right now and again we got rejected by this area so we can definitely say that many people want to sell at a 0.026 dollars All the way up to a 0.027 so that is one of the biggest resistances for usdc and something that I would pay very close attention to because as long as we are below it I do not see any reason to really turn bullish on a bigger perspective again yes we can see Short-term bullishness however if we really get rejected here that would really not be a good thing because look at this right here we were trying to get above it but we failed every time price was pushed all the way below it so the sellers are very strong at this level And if we get rejected again well guess what happens we have an amazing range on usdc right now here which you can clearly see or maybe even here this is a very big zone so definitely a DCA Zone which you can see there but if we get rejected Well guess what happens most likely another move to the downside and this will also affect Luna classic but if we break to the upside about this red resistance at the top I don’t want a 0.0273 this will be very big because Luna classic is of course still correlating with usdc The reaction and follow-up is quite big as we can see here that will also lead to a very big move to the upside guys and by the way if you want to trade lunar classic like I do definitely check out Maxi um that’s where I’m trading and also Most people from our community are trading there first of all they have zero percent maker fees so you’re gonna save a lot of money because essentially you don’t have to pay fees if you don’t want to um really nice bonus 9100 US dollar exclusive for our community and overall Yeah zero percent make of your futures on spot 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broke Because of this massive pump on uscc so in case we get back down that is definitely a level where I’m expecting support and this is also um aligning with this diagonal support so we definitely got some strong support below us but something even more important is in the charts right now and That is the EMA ribbon and there you can clearly see yet right now we are inside of them you may ribbon in my opinion one of the best tools for really determining bigger Trends and continuations because every time we properly retest the EMA ribbon it was usually leading to a massive move To the upside like we can see here move to the upside re-test move to the upside and then another a little bit of an echo move there retests move to the upside but then when we test it from the downside usually that leads to continuation to moves down further as You can see here I think this is reflecting this very well we got below it we fail to get back above and then what happened big move to the downside after rejection at the two I mean at the EMA ribbon on the four hourly chart so what I’m paying very close attention to right now is that we close above the EMA ribbon on the for hourly chart um this candle will close in 16 minutes right now it looks like we the close inside of it probably when the video is online um the candle will have closed and then We can really see did we close above that would be definitely a bullish uh scenario for me that we close below well guess what happens definitely bearish but if we close inside of it still indecisive so both things are happening I mean are possible and then I would Definitely have a look at usdc where are we going next do we get another approach and do we even possibly uh get through the resistance because that would then ultimately be very bullish for Luna classic as well on the EMA ribbon on the one hourly chart in my opinion not too Important but we want to definitely have a look at them on the one day chart because that is one of the most important things and there we can see yesterday we closed below them but we’re seeing a pretty decent recovery so far right now we are above the EMA ribbon on The daily chart so let’s see where do we close at the end of the day this daily candle will close in eight hours and we gotta close above it if we close below it’s in my opinion very clear that the bearish scenario will come into play and we will See much lower prices but if we close above then we can definitely re-test the top of this whole move remember guys this is a massive resistance since the 14th of November so we can kind of say now looking at ustc usdc and lunar classic right now since the 10th of November have a massive resistance just ahead of them and if one really breaks out let’s say ustc is now breaking Above This resistance guess what guess what happens on Luna classic remember guys 10th of November and where does this resistance come from on Luna classic exactly 10th of November so these levels Are perfectly lining right now and if usdc is breaking Above This level Luna classic will definitely follow so that is something I’m paying very close attention to because the correlation is still there and if one goes up the other is usually following so pay very close attention to that overall on the bigger Time frame EMA ribbon is definitely the most important thing that I’m watching um of course for Ali as well because that is sometimes really hinting at the next move and then the the momentum of this move will then lead further to the Daily time frame but right now I’m a Little bit in the higher part of the EMA ribbon but still not above them I want to see a clear break above the volume is definitely decent but we want to see a clear break above the MMA ribbon and preferably also break above the second diagonal resistance which is right now at 17505.Those are overall the most important things that I’m looking at I’m also on coin market cap we can see Luna classic right now Rank 10 um gains wise in the last 24 hours so one of the top performers today in the last 24 hours so that is definitely Still great to see overall that’s it for this update guys again if you want to trade definitely check out maxi zero percent makeup fee 9100 US dollar bonus and also don’t forget to join the Discord where I’m sharing really valuable information I am sharing my trade signals over there when I’m buying And selling and over can give you my opinion on certain stuff so definitely check it out we have a lot of Great Value over there and really nice Traders so let’s just make an amazing Community Check out Discord check out Maxi guys um that’s it for this update see you in the Next video goodbye 📈 *Trade on MEXC with 0% maker fees and get a $9100 bonus:* 👉 https://bit.ly/MEXC-9100 [Register, Deposit and Trade, Enjoy Bonus!] 👑 MEXC is my favorite exchange for the following reasons: 👉 0% maker fees on futures and spot! 👉 NO KYC! 👉 Available to US users, NO VPN required! 👉 High volume and 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