LUNC/USDT – 1H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.000055450 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000056090 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000057270 |
| 2nd High | 0.000056590 |
| Next High | 0.000056090 |
| Current Price | 0.000055610 |
| Next Low | 0.000055450 |
| 2nd Low | 0.000054880 |
| 3rd Low | 0.000054410 |
0.000056090 – 0.000055990 – 0.000056590 – 0.000055450 – 0.000054880 – 0.000054410
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Head and Shoulder chart pattern