LUNC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.000060800 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.000065400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Three Inside Down’ candle pattern is discovered. The candles form ‘Three Inside Down’. 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 Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.000065400 – 0.000063870 – 0.000065320 – 0.000060800 – 0.000060700 – 0.000060770

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Inside Down – Triple bottom chart pattern