LUNC/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.000060570 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.000065040 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.010392E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.000065040 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.000065040 – 0.000064050 – 0.000063850 – 0.000062800 – 0.000062660 – 0.000060570 — 28.031272880676 – 25.187496579198

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Double bottom retreat down –