LUNC/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

The pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline downwards

A bearish movement down to the next support line at 0.000062800 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.000064050 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘RSI fall below 70’ indicator layout is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 6.124272E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.000064050 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.000064050 – 0.000063850 – 0.000063590 – 0.000062800 – 0.000062660 – 0.000060570 — 47.233900886587 – 36.172220424924

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