LUNC/USDT – 1H – SELL

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

A descent down to the next support line at 0.000043650 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 5.0E-5 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 4.0E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 5.0E-5 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. this 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’ heading down is 82%.

5.0E-5 – 4.0E-5 – 5.0E-5 – 0.000043650 – 4.0E-5 – 3.0E-5 —
0.000044510 – 0.000045470 —
54.235635846787 – 57.417743067027 —
0.000043650 – 1772344800 —
5.0E-5 – 1772308800

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –