LUNC/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline down.

A bearish movement down to the next support level at is likely expected.

Caution: A possible change in the direction of the resistance line at 0.000064140 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

And also a ‘RSI cross above 70’ indicator signal is found. The indicator shows ‘RSI cross above 70’. which could be a negative signal. The currency pair could go down.

And also a ‘StochRSI cross above 20’ indicator signal is found. The indicator shows ‘StochRSI cross above 20’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 6.1825E-5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.000064140 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.000064140 – 0.000062540 – 0.000061850 – 0.000062680 – 0.000060630 – 0.000060770 — 37.912181237961 – 37.365338963249

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –