LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline downwards

A descending movement down to the next support level at 0.000062470 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000067870 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Inside Down’ candlestick chart pattern is found. The chart forms ‘Three Inside Down’. this is a bearish 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 Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000065400 – 0.000063590 – 0.000063870 – 0.000062470 – 0.000063550 – 0.000062490

Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Three Inside Down – Inverse Head and Shoulder chart pattern