Sell LUNC/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.000107570 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000141100 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.000171170
2nd High 0.000165400
Next High 0.000141100
Current Price 0.000133160
Next Low 0.000107570
2nd Low 0.000101210
3rd Low 0.000095050

Download LUNC/USDT Signal Image

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