LUNC/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 0.000058880 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.000060980 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 5.844908E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.000060980 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.000060980 – 0.000059700 – 0.000060650 – 0.000058880 – 0.000058290 – 0.000057760 — 36.062462110365 – 34.5511357902

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