LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline downwards

The bearish trend downwards to the next support at 0.000062660 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000063650 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI cross above 70’ indicator layout is found. The indicator is ‘RSI cross above 70’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000063650 – 0.000063850 – 0.000062780 – 0.000062660 – 0.000060780 – 0.000060570 — 53.764373876527 – 49.000808054694

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –