LUNC/USDT – 30M – SELLThe combination goes from the bullish trendline down.
A descending movement down to the next support at 0.000096980 is certain.
Caution: A possible change in the direction of the resistance level at 0.000105760 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.00010065 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.000105760 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000109900 |
| 2nd High | 0.000109800 |
| Next High | 0.000105760 |
| Current Price | 0.000097670 |
| Next Low | 0.000096980 |
| 2nd Low | 0.000091500 |
| 3rd Low | 0.000089540 |