Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.000065630 will persist.
Caution: A possible change in the direction of the resistance level at 0.000072460 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Then a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 6.7465E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000072460 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000072990 |
| Next High | 0.000072460 |
| Current Price | 0.000068960 |
| Next Low | 0.000065630 |
| 2nd Low | 0.000062470 |
| 3rd Low | 0.000062370 |
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