LUNC/USDT – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

The bearish trend down to the next support at 0.000057760 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000060980 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 5.889752E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000060980 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Inside Down’ candle chart pattern is detected. The chart shows ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000060980 – 0.000062580 – 0.000061390 – 0.000057760 – 0.000059760 – 0.000060610 — 53.675715978754 – 47.611426692054

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