LUNC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.000053000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000058450 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 5.3E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000058450 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.000058450 – 0.000058340 – 0.000057560 – 0.000053000 – 0.000055150 – 0.000056840

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Outside Down