LUNC/USDT – 4H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.000055450 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.000061860 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 5.545E-5 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.000061860 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000064290 |
| Next High | 0.000061860 |
| Current Price | 0.000056020 |
| Next Low | 0.000055450 |
| 2nd Low | 0.000051200 |
| 3rd Low | 0.000050590 |
0.000061860 – 0.000064290 – 0.000062850 – 0.000056160 – 0.000055450 – 0.000058100
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows