LUNC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.000056610 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000058220 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

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

Next a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern 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).

0.000058220 – 0.000057890 – 0.000059680 – 0.000056610 – 0.000056900 – 0.000056760 — 50.650601391855 – 50.213829953258

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Two Crows – – –