LUNC/USDT – 4H – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support level at 0.000060700 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.000065320 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Last Engulfing Top’ chart pattern is discovered. The candles show ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000067870 |
| 2nd High | 0.000065680 |
| Next High | 0.000065320 |
| Current Price | 0.000070450 |
| Next Low | 0.000060700 |
| 2nd Low | 0.000055050 |
| 3rd Low | 0.000054120 |
0.000065320 – 0.000065680 – 0.000058750 – 0.000060700 – 0.000055050 – 0.000055440
Trading Signals: FOREX – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Double bottom chart pattern