LUNC/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support at 0.000061250 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000064450 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.000064450 – 0.000061850 – 0.000059380 – 0.000061250 – 0.000060630 – 0.000058390 — 43.150382936651 – 41.353163660022

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