LUNC/USDT – 4H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.

A descending movement down to the next support line at 0.000060700 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000072460 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘RSI cross above 30’ indicator layout is found. The indicator is ‘RSI cross above 30’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.000072460 – 0.000065320 – 0.000065680 – 0.000060700 – 0.000055050 – 0.000055440

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –