LUNC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 0.000058860 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.000060070 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 5.8885E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000060070 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

0.000060070 – 0.000060440 – 0.000059140 – 0.000058860 – 0.000057500 – 0.000057400 — 51.340914415136 – 50.427318538551

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