Sell LUNC/USDT – 1H – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.000114350 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.000122260 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.000137400
2nd High 0.000135310
Next High 0.000122260
Current Price 0.000112710
Next Low 0.000114350
2nd Low 0.000105190
3rd Low 0.000104770

Download LUNC/USDT Signal Image

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