Hello everyone, let's take a look at the LUNA to USDT chart on the 1H interval. As you can see, the price is close to the top exit from the blue line channel.
Let's start with the designation of the support line and as you can see the first support is $ 7.14 where the current price is, if the support breaks down, the next ones are $ 6.93 and $ 6.74, $ 6.57 and $ 6.31.
Now let's move from the resistance line as you can see the first resistance is $ 7.73, if you can break it the next resistance will be $ 8.25 and $ 8.77 and $ 9.54.
Looking at the CHOP indicator, we can see that we still have spopro energy on intervale 1H, while the MACD indicator shows that we are in a local uptrend on a small interval.
Let's start with the designation of the support line and as you can see the first support is $ 7.14 where the current price is, if the support breaks down, the next ones are $ 6.93 and $ 6.74, $ 6.57 and $ 6.31.
Now let's move from the resistance line as you can see the first resistance is $ 7.73, if you can break it the next resistance will be $ 8.25 and $ 8.77 and $ 9.54.
Looking at the CHOP indicator, we can see that we still have spopro energy on intervale 1H, while the MACD indicator shows that we are in a local uptrend on a small interval.