LUNC/USDT – 1H – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.000105190 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.000114910 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000135310 |
| 2nd High | 0.000122260 |
| Next High | 0.000114910 |
| Current Price | 0.000107450 |
| Next Low | 0.000105190 |
| 2nd Low | 0.000104770 |
| 3rd Low | 0.000101210 |
Download LUNC/USDT Signal Image
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top