LUNC/USDT – 1H – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support level at 0.000115350 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.000126890 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.00011491872 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000126890 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000130500 |
| 2nd High | 0.000129450 |
| Next High | 0.000126890 |
| Current Price | 0.000117780 |
| Next Low | 0.000115350 |
| 2nd Low | 0.000110430 |
| 3rd Low | 0.000101210 |
Download LUNC/USDT Signal Image
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bearish Engulfing