LUNC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.000058220 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 5.661E-5 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.000058220 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Dark Cloud Cover’ candle chart pattern is found. The chart forms ‘Dark Cloud Cover’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).

0.000058220 – 0.000057890 – 0.000059680 – 0.000056610 – 0.000056900 – 0.000056760 — 45.527243059019 – 46.273743502043

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Dark Cloud Cover – Rising Wedge Chart Pattern – –