LUNC/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.000107055 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000108650 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.

Download LUNC/USDT Signal Image

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