LUNC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.000059060 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.000059900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 5.92E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000059900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000059900 – 0.000059830 – 0.000059720 – 0.000059060 – 0.000058600 – 0.000058900 — 53.461873174918 – 50.376828024627

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – Double bottom retreat down – –