LUNC/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible change in the direction of resistance at 0.000072460 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.000072460 – 0.000065320 – 0.000065680 – 0.000058760 – 0.000060700 – 0.000055050 — 48.76090550287 – 46.928665355384

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern –