LUNC/USDT – 4H – SELL

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

A descent downwards to the next support level at 4.0E-5 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 5.0E-5 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Last Engulfing Top’ candle chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

5.0E-5 – 5.0E-5 – 4.0E-5 – 4.0E-5 – 4.0E-5 – 4.0E-5 —
0.000046400 – 0.000052730 —
63.04553581127 – 81.788807349956 —
– —
5.0E-5 – 1776830400

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –