The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.000058290 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.000059700 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000060690 |
| 2nd High | 0.000060650 |
| Next High | 0.000059700 |
| Current Price | 0.000059080 |
| Next Low | 0.000058290 |
| 2nd Low | 0.000057760 |
| 3rd Low | 0.000057260 |
0.000059700 – 0.000060650 – 0.000060690 – 0.000058290 – 0.000057760 – 0.000059700 — 50.701387201413 – 48.468946538679
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –