LUNC/USDT – 4H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support at 0.000055050 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.000065040 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI cross above 30’ indicator signal is detected. The indicator shows ‘RSI cross above 30’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 5.505E-5 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 0.000065040 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.000065040 – 0.000072460 – 0.000065320 – 0.000058760 – 0.000060700 – 0.000055050 — 34.378232188429 – 33.234030080605

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –