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