LUNC/USDT – 4H – SELL

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

A bearish movement downwards to the next support line at 0.000057760 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000062580 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could 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 5.803692E-5 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000062580 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000062580 – 0.000060060 – 0.000059970 – 0.000059580 – 0.000057760 – 0.000056800 — 38.028477358012 – 34.706753797452

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –