LUNC/USDT – 1H – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support line at 0.000061800 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000065680 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 6.0365E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000065680 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.000065680 – 0.000057180 – 0.000058750 – 0.000061800 – 0.000055570 – 0.000055050

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Double top retreat up