LUNC/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A descent downwards to the next support at 0.000065630 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.000072460 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart 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 likely expected. Current target is 6.7465E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.000072460 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency 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’ heading down is 82%.

0.000072460 – 0.000071230 – 0.000067690 – 0.000069210 – 0.000065630 – 0.000062470

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