LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.000054120 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.000055760 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000057270 |
| 2nd High | 0.000056590 |
| Next High | 0.000055760 |
| Current Price | 0.000055090 |
| Next Low | 0.000054120 |
| 2nd Low | 0.000051880 |
| 3rd Low | 0.000049730 |
0.000055760 – 0.000056590 – 0.000056520 – 0.000054120 – 0.000054520 – 0.000055270
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows – Double top chart pattern