LUNC/USDT – 1H – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support at 0.000095050 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.000110380 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00010428 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000110380 could happen.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

Download LUNC/USDT Signal Image

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