LUNC/USDT – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline downwards

A bearish descent downwards to the next support at 0.000059000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.000062690 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

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

0.000062690 – 0.000062580 – 0.000060060 – 0.000059000 – 0.000057760 – 0.000059580 — 43.709331845735 – 42.271336541279

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