Luna / TetherUS

LUNA struggles between support and resistance.

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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 by drawing the resistance line, as you can see, the first resistance is $ 91 which LUNA is currently struggling with, the next one is $ 94 and $ 96 and $ 100.

Now let's move on to the support line and as you can see the first support is $ 90, the next $ 87 and $ 82.

Looking at the CHOP indicator, we can see that the energy was consumed in a 4-hour interval.

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