LUNC/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 3.0E-5 will persist.

Caution: A possible change in the direction of the resistance zone at 4.0E-5 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Last Engulfing Bottom:’ chart pattern is detected. The chart shows ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

4.0E-5 – 4.0E-5 – 5.0E-5 – 4.0E-5 – 4.0E-5 – 4.0E-5 —
0.000038320 – 0.000038060 —
46.086925009735 – 44.214528474339 —
– —
0.00004 – 1769256000

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Bottom: – Double bottom chart pattern – –