LUNC/USDT – 1H – SELL

The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.000058760 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000063590 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 5.876E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.000063590 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

0.000063590 – 0.000069280 – 0.000072460 – 0.000058760 – 0.000066850 – 0.000062470 — 43.54169599593 – 40.110073383337

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – – Double top chart pattern –