LUNC/USDT – 30M – SELL

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

A descent downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000058950 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 5.78396E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.000058950 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000058950 – 0.000058690 – 0.000059260 – 0.000056400 – 0.000058080 – 0.000059810 — 58.588115069175 – 58.588115069175

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – – –