LUNC/USDT – 4H – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A bearish trend down to the next support level at 0.000055050 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.000065040 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘RSI cross above 30’ indicator signal is found. The indicator is ‘RSI cross above 30’. this is usually a bullish chart scenario. The currency pair could go up.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 5.505E-5 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.000065040 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

0.000065040 – 0.000072460 – 0.000065320 – 0.000058760 – 0.000060700 – 0.000055050 — 34.378232188429 – 33.234030080605

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –