LUNC/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline downwards

The bearish trend downwards to the next support line at 0.000058050 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.000059600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 5.73992E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.000059600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000059600 – 0.000059370 – 0.000059310 – 0.000058050 – 0.000058280 – 0.000057260 — 36.609228184842 – 35.099521279746

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –