LUNC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at is certain.

Caution: A possible counter-trend in the direction of resistance at 0.000058220 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘RSI cross above 30’ indicator layout is found. The indicator shows ‘RSI cross above 30’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘StochRSI cross above 20’ indicator layout is found. The indicator shows ‘StochRSI cross above 20’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 5.661E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.000058220 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Shooting Star’ candle pattern is discovered. The chart shows ‘Shooting Star’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.000058220 – 0.000057890 – 0.000059680 – 0.000056610 – 0.000056900 – 0.000056760 — 45.527243059019 – 46.273743502043

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Shooting Star – – –