LUNC/USDT – 1H – SELL

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

A descending movement down to the next support at 9.0E-5 will persist.

Caution: A possible trend reversal in the direction of resistance at 0.0001 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Last Engulfing Bottom:’ chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which 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 Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

0.0001 – 0.0001 – 0.0001 – 9.0E-5 – 9.0E-5 – 8.0E-5 —
0.000091460 – 0.000095160 —
41.294666314041 – 56.195555983452 —
– —
0.0001 – 1778302800

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