LUNC/USDT – 30M – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.000056400 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000058690 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Last Engulfing Top’ candle pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000062500 |
| 2nd High | 0.000059260 |
| Next High | 0.000058690 |
| Current Price | 0.000058070 |
| Next Low | 0.000056400 |
| 2nd Low | 0.000055570 |
| 3rd Low | 0.000055050 |
0.000058690 – 0.000059260 – 0.000062500 – 0.000056400 – 0.000058080 – 0.000059810 — 52.667117342866 – 51.019495920071
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Double top retreat up – –