LUNC/USDT – 30M – SELL

The pair Terra Luna Classic/Tether (LUNC/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.000061500 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 5.909608E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000061500 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

0.000061500 – 0.000060350 – 0.000062070 – 0.000057260 – 0.000058510 – 0.000059020 — 55.744035261424 – 51.852292718599

Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – –