LUNC/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at is expected.

Caution: A possible change in the direction of resistance at 0.000061500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 5.909608E-5 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.000061500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Last Engulfing Top’ chart pattern is found. The candles show ‘Last Engulfing Top’. which is a bearish 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 Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.000061500 – 0.000060350 – 0.000062070 – 0.000057260 – 0.000058510 – 0.000059020 — 55.744035261424 – 48.60640113586

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – –