LUNC/USDT – 1H – SELL

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

A descending movement down to the next support at 0.000101210 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.000118480 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

Download LUNC/USDT Signal Image

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