LUNC/USDT – 30M – SELL

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

A descent downwards to the next support at 0.000060740 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000062690 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. 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 likely expected. Current target is 6.078E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.000062690 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000062690 – 0.000061830 – 0.000060980 – 0.000060740 – 0.000060720 – 0.000058870 — 53.33871333577 – 52.149040831207

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – – –