LUNC/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.000065320 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 6.0365E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000065320 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.000065320 – 0.000064200 – 0.000064110 – 0.000060770 – 0.000061800 – 0.000055570

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern