The pair Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 0.000114800 will persist.
Caution: A possible change in the direction of the resistance line at 0.000130500 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish 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’ heading down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.000130500 |
Current Price | 0.000123530 |
Next Low | 0.000114800 |
2nd Low | 0.000110110 |
3rd Low | 0.000109210 |
Download LUNC/USDT Signal Image
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bearish Engulfing