LUNC/USDT – 4H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the bullish trendline down.
The bearish trend down to the next support level at 0.000057760 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000062580 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000064170 |
| 2nd High | 0.000063460 |
| Next High | 0.000062580 |
| Current Price | 0.000061000 |
| Next Low | 0.000057760 |
| 2nd Low | 0.000056800 |
| 3rd Low | 0.000056400 |
0.000062580 – 0.000060060 – 0.000059970 – 0.000057760 – 0.000059580 – 0.000057760 — 60.496524573389 – 57.418526260908
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –