LUNC/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A continuation of the bearish trend down to the next support level at will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.000065320 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 6.0365E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.000065320 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.000065320 – 0.000064200 – 0.000064110 – 0.000060770 – 0.000061800 – 0.000055570

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern