LUNC/USDT – 1H – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.000060800 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.000065320 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 6.433132E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000065320 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000063870 – 0.000065320 – 0.000064200 – 0.000060800 – 0.000060700 – 0.000060770

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Two Crows – Triple bottom chart pattern