LUNC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.000116740 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000120000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.000116555 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000120000 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. 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 chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows