LUNC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 0.000060770 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.000064110 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000064110 – 0.000065680 – 0.000057180 – 0.000060770 – 0.000061800 – 0.000055570

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