LUNC/USDT – 30M – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.000055560 is certain.
Caution: A possible change in the direction of the resistance zone at 0.000062580 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 5.734176E-5 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.000062580 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064560 |
| 2nd High | 0.000064290 |
| Next High | 0.000062580 |
| Current Price | 0.000059040 |
| Next Low | 0.000055560 |
| 2nd Low | 0.000055450 |
| 3rd Low | 0.000053540 |
0.000062580 – 0.000064290 – 0.000056570 – 0.000055560 – 0.000055450 – 0.000058200
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows