LUNC/USDT – 1H – SELL

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

A descending movement downwards to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance level at 0.0001 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 8.18E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.0001 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.0001 – 0.0001 – 0.00012 – 9.0E-5 – 9.0E-5 – 8.0E-5 —
0.000093250 – 0.000094620 —
45.696148902971 – 50.396859141485 —
– —
0.0001 – 1778260500

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