Hello everyone, let’s take a look at the LUNA to USDT chart over the course of 1 day. As you can see, the price is moving above the local uptrend line marked in blue.

Let’s start with the support line and as you can see the first support is $ 91, if the support is broken, the next support is at $ 83 and $ 76.

Now let’s move to the resistance line, as you can see, the first resistance is $ 105 at the previous ATH level, the next resistance is determined using the Fib retracement which shows the resistance around $ 119 and the next resistance at $ 141.

Looking at the CHOP indicator , we can see that we still have a lot of energy in the 1D interval. On the other hand, the MACD indicator shows that the blue line is changing the direction and is approaching the intersection of the red line from the bottom, which would confirm an uptrend.