LUNC/USDT – 1H – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 0.000062660 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.000064050 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Two Crows’ candle pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.000064050 – 0.000063850 – 0.000063590 – 0.000062660 – 0.000060570 – 0.000058760 — 50.443677514749 – 46.32402041897

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – Triple bottom chart pattern –