LUNC/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A descent downwards to the next support line at 8.0E-5 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.00012 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 7.416E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.00012 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.00012 – 0.00011 – 0.0001 – 8.0E-5 – 7.0E-5 – 7.0E-5 —
0.000107600 – 0.000094830 —
44.798173129002 – 27.538779285642 —
– —
0.00012 – 1778000400

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