LUNC/USDT – 30M – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.000060660 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000061770 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 6.041E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000061770 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064290 |
| 2nd High | 0.000062580 |
| Next High | 0.000061770 |
| Current Price | 0.000061360 |
| Next Low | 0.000060660 |
| 2nd Low | 0.000058960 |
| 3rd Low | 0.000058240 |
0.000061770 – 0.000060990 – 0.000060040 – 0.000060660 – 0.000058960 – 0.000059170
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Outside Down