LUNC/USDT – 1H – SELL

The currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 0.000057760 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.000060060 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 5.843E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000060060 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000060060 – 0.000059600 – 0.000059370 – 0.000057760 – 0.000058280 – 0.000057260 — 53.078453121352 – 52.144419535851

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –