LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.

A bearish trend down to the next support level at 0.000063550 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000065400 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 6.31E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.000065400 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.000065400 – 0.000063590 – 0.000063870 – 0.000063550 – 0.000062490 – 0.000062370

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Double bottom retreat down