LUNC/USDT – 4H – SELLThe currency pair Terra Luna Classic/Tether (LUNC/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000060060 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.
In addition a ‘Last Engulfing Top’ candle chart pattern is existing. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The currency 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000063460 |
| 2nd High | 0.000061050 |
| Next High | 0.000060060 |
| Current Price | 0.000059260 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000060060 – 0.000059970 – 0.000061050 – 0.000057760 – 0.000056800 – 0.000057270 — 59.264707740134 – 52.954757419013
Trading Signals: CRYPTO – LUNC – LUNC/USDT – USDT – Last Engulfing Top – Double top retreat up – –