LUNC/USDT – 30M – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.000095050 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.000101700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 9.505E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.000101700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000110150 |
| 2nd High | 0.000103790 |
| Next High | 0.000101700 |
| Current Price | 0.000097190 |
| Next Low | 0.000095050 |
| 2nd Low | 0.000091500 |
| 3rd Low | 0.000089540 |