LUNC/USDT – 4H – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support level at 9.0E-5 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.00012 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The candles show ‘Last Engulfing Bottom:’. 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 probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.00012 |
| Current Price | 0.000091370 |
| Next Low | 9.0E-5 |
| 2nd Low | 7.0E-5 |
| 3rd Low | 5.0E-5 |
0.00012 – 7.0E-5 – 6.0E-5 – 9.0E-5 – 7.0E-5 – 5.0E-5 —
0.000099290 – 0.000093920 —
49.49995818665 – 48.697682328092 —
– —
0.00012 – 1777996800
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –