LUNC/USDT – 30M – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 0.000060770 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.000064110 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000064110 – 0.000065680 – 0.000056370 – 0.000060770 – 0.000061800 – 0.000063190

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows –