LUNC/USDT – 30M – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 0.000056400 is certain.
Caution: A possible change in the direction of resistance at 0.000058690 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Last Engulfing Top’ candle pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. 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 | 0.000062500 |
| 2nd High | 0.000059260 |
| Next High | 0.000058690 |
| Current Price | 0.000058070 |
| Next Low | 0.000056400 |
| 2nd Low | 0.000055570 |
| 3rd Low | 0.000055050 |
0.000058690 – 0.000059260 – 0.000062500 – 0.000056400 – 0.000058080 – 0.000059810 — 52.667117342866 – 51.019495920071
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Double top retreat up – –