LUNC/USDT – 1H – SELL

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

A descent downwards to the next support line at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 8.0E-5 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

8.0E-5 – 7.0E-5 – 3.0E-5 – 5.0E-5 – 3.0E-5 – 2.0E-5 — 48.245898751635 – 46.093315393258 — 35.684469002972 – 23.075637275387 – 49.324027609625 – 36.716149382028

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –