LUNC/USDT – 30M – SELL

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

A bearish movement down to the next support at 0.000057460 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.000062500 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 5.746E-5 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000062500 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.000062500 – 0.000063420 – 0.000062890 – 0.000059810 – 0.000061780 – 0.000061480 — 28.092525166384 – 26.099625263506

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