LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline down.
A descent down to the next support line at 0.000062470 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.000067690 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. 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 | 0.000069620 |
| 2nd High | 0.000067870 |
| Next High | 0.000067690 |
| Current Price | 0.000067260 |
| Next Low | 0.000062470 |
| 2nd Low | 0.000062370 |
| 3rd Low | 0.000060800 |
0.000067690 – 0.000065400 – 0.000063590 – 0.000062470 – 0.000063550 – 0.000062490
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern