LUNC/USDT – 1H – SELLThe combination Terra Luna Classic/Tether (LUNC/USDT) jumps from the bullish trendline down.
A descending movement down to the next support level at 0.000114640 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.000129450 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000130500 |
| Next High | 0.000129450 |
| Current Price | 0.000122300 |
| Next Low | 0.000114640 |
| 2nd Low | 0.000101210 |
| 3rd Low | 0.000095050 |
Download LUNC/USDT Signal Image
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Bearish Engulfing