LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.000056900 will continue.

Caution: A possible change in the direction of the resistance line at 0.000059680 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 5.676E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000059680 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000059680 – 0.000061290 – 0.000061500 – 0.000056900 – 0.000056760 – 0.000056900 — 38.119031576887 – 37.440851591152

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – – –