LUNC/USDT – 1H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.000060840 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000063100 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064450 |
| 2nd High | 0.000063720 |
| Next High | 0.000063100 |
| Current Price | 0.000062040 |
| Next Low | 0.000060840 |
| 2nd Low | 0.000059560 |
| 3rd Low | 0.000058390 |
0.000063100 – 0.000063720 – 0.000064450 – 0.000060840 – 0.000059560 – 0.000061250 — 52.588877784202 – 46.742066137784
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –