LUNC/USDT – 30M – SELL

The combination Terra Luna Classic/Tether (LUNC/USDT) goes from the ascending trendline down.

A descending movement downwards to the next support level at 9.0E-5 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.0001 should always be considered.
Consider stop-loss settings accordingly.

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

0.0001 – 0.0001 – 0.00012 – 9.0E-5 – 9.0E-5 – 9.0E-5 —
0.000093250 – 0.000093960 —
50.5411436066 – 56.063529876744 —
– —
0.0001 – 1778261400

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