LUNC/USDT – 1H – SELL

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

A bearish trend down to the next support at 8.0E-5 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.00011 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.00011 – 0.0001 – 8.0E-5 – 8.0E-5 – 7.0E-5 – 7.0E-5 —
0.000101560 – 0.000114750 —
60.808839450189 – 65.64723922708 —
– —
0.00011 – 1777928400

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bearish Engulfing – – –