Sell LUNC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.000126190 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 0.000137160 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 0.000165400
2nd High 0.000141100
Next High 0.000137160
Current Price 0.000131810
Next Low 0.000126190
2nd Low 0.000107570
3rd Low 0.000101210

Download LUNC/USDT Signal Image

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