LUNC/USDT – 1H – SELL

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

A descending movement downwards to the next support line at 0.000095050 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000130500 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.0001026363 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.000130500 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which 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%.

Download LUNC/USDT Signal Image

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows