LUNC/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement downwards to the next support at 0.000058050 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000059600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

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

Then a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 – –