LUNC/USDT – 4H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.000059560 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000063400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Last Engulfing Top’ candle pattern is existing. 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 probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000065040 |
| 2nd High | 0.000064450 |
| Next High | 0.000063400 |
| Current Price | 0.000061790 |
| Next Low | 0.000059560 |
| 2nd Low | 0.000056610 |
| 3rd Low | 0.000055050 |
0.000063400 – 0.000064450 – 0.000061500 – 0.000059560 – 0.000056610 – 0.000058760 — 61.355169302119 – 56.99392574488
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – – –