LUNC/USDT – 1H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.000062800 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.000065040 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Two Crows’ candle pattern is found. The candles show ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000072460 |
| 2nd High | 0.000069280 |
| Next High | 0.000065040 |
| Current Price | 0.000061290 |
| Next Low | 0.000062800 |
| 2nd Low | 0.000062660 |
| 3rd Low | 0.000060570 |
0.000065040 – 0.000064050 – 0.000063850 – 0.000062800 – 0.000062660 – 0.000060570 — 26.064180114895 – 25.998644560058
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Double bottom retreat down –