LUNC/USDT – 30M – SELL

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 4.236E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 5.0E-5 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 4.0E-5 – 4.0E-5 —
0.000046210 – 0.000045220 —
55.576047118953 – 36.857603007161 —
– —
5.0E-5 – 1776875400

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bearish Belt Hold – – –