LUNC/USDT – 1H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.000055450 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000057730 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000061860 |
| 2nd High | 0.000058450 |
| Next High | 0.000057730 |
| Current Price | 0.000055910 |
| Next Low | 0.000055450 |
| 2nd Low | 0.000054880 |
| 3rd Low | 0.000054410 |
0.000057730 – 0.000056170 – 0.000056090 – 0.000055450 – 0.000054880 – 0.000054410
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern