Hello everyone, let's take a look at the LUNA to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 59.56, if the support breaks down, the next one is $ 81.33 and $ 72.23.
Now let's move from the resistance line as you can see the first resistance is $ 104, if you can break it the next resistance will be $ 114 and $ 123.
Looking at the CHOP indicator, we can see that we have a lot of energy on the 4-hour interval and the MACD indicator shows an upward trend.
The LL / LH-HL / HH formation is building which could confirm the attack at around $ 114.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 59.56, if the support breaks down, the next one is $ 81.33 and $ 72.23.
Now let's move from the resistance line as you can see the first resistance is $ 104, if you can break it the next resistance will be $ 114 and $ 123.
Looking at the CHOP indicator, we can see that we have a lot of energy on the 4-hour interval and the MACD indicator shows an upward trend.
The LL / LH-HL / HH formation is building which could confirm the attack at around $ 114.