LUNC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 0.000107020 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.000112900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0001085364 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.000112900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows