Sell LUNC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.000116300 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000117730 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Collapsing Doji Star’ candle chart pattern is found. The chart forms ‘Collapsing Doji Star’. 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 success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

Support & Resistance Price Range*
3rd High 0.000119990
2nd High 0.000118730
Next High 0.000117730
Current Price 0.000115880
Next Low 0.000116300
2nd Low 0.000112910
3rd Low 0.000112720

Download LUNC/USDT Signal Image

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