LUNC/USDT – 30M – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000057180 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 5.505E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000057180 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000058750 |
| 2nd High | 0.000058260 |
| Next High | 0.000057180 |
| Current Price | 0.000055750 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000057180 – 0.000058260 – 0.000058750 – 0.000055050 – 0.000055700 – 0.000057200
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows –