LUNC/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A descent downwards to the next support at 0.000058900 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.000059720 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.000059720 – 0.000059400 – 0.000060060 – 0.000058900 – 0.000058500 – 0.000057760 — 48.388039381577 – 47.764835155561

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –