LUNC/USDT – 1H – SELLThe pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support at 0.000100580 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.000104970 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The chart forms ‘Last Engulfing Bottom:’. this 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 ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000124540 |
| 2nd High | 0.000121990 |
| Next High | 0.000104970 |
| Current Price | 0.000102490 |
| Next Low | 0.000100580 |
| 2nd Low | 0.000099270 |
| 3rd Low | 0.000095050 |
Download LUNC/USDT Signal Image
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Bottom: