LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 0.000055050 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.000057180 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000058750 |
| 2nd High | 0.000058260 |
| Next High | 0.000057180 |
| Current Price | 0.000056030 |
| Next Low | 0.000055050 |
| 2nd Low | 0.000054880 |
| 3rd Low | 0.000054410 |
0.000057180 – 0.000058260 – 0.000058750 – 0.000055050 – 0.000055700 – 0.000057200
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Double top chart pattern