LUNC/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

The bearish trend down to the next support at 0.000062660 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.000063850 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘On Neck’ candlestick pattern is found. The chart shows ‘On Neck’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

0.000063850 – 0.000063590 – 0.000069280 – 0.000062660 – 0.000060570 – 0.000058760 — 52.854213443438 – 51.936732723561

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – On Neck – Rising Wedge Chart Pattern –