LUNC/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

The bearish trend down to the next support at 0.000062800 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.000064050 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘RSI fall below 70’ indicator layout is detected. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 6.124272E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000064050 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.000064050 – 0.000063850 – 0.000063590 – 0.000062800 – 0.000062660 – 0.000060570 — 47.233900886587 – 36.172220424924

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