LUNC/USDT – 4H – SELL

Next a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

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

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000064450 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair could go down.

Next a ‘Three Inside Down’ candlestick pattern is existing. The candles form ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000064450 – 0.000061500 – 0.000065040 – 0.000056610 – 0.000058760 – 0.000060700 — 45.723341164711 – 41.45261554386

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Inside Down – Double top chart pattern – –