Hello everyone,
Let’s take a look at the LUNA to USDT chart on the 4H interval.
Please note that the price broke well above the downtrend.
Currently, price is struggling with resistance at 0.786Fib at $ 91.17, if it breaks the next resistance at $ 104.06, the next resistance point could be at $ 141.76.
Looking the other way, it is worth to designate the support and we can see that the first is at $ 85.06, and the second is at $ 76.92 and $ 70.82.
Please be careful because the CHOP indicator shows that we have a lot of energy for the next move, while the MACD indicator shows the cross of the red line and the blue line from the top, which may indicate a downward trend.