LUNC/USDT – 1H – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) jumps from the ascending trendline downwards

A descending movement down to the next support level at 5.0E-5 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 6.0E-5 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

6.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 – 5.0E-5 —
0.000051710 – 0.000051610 —
54.481711046508 – 53.883823208139 —
– —
6.0E-5 – 1776992400

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bearish Engulfing – – –