Hi, Today we will do a short LUNA / BTC analysis 4 hours apart.
Let's start by marking the uptrend line with a blue line.
Moving on, it is worth highlighting in purple the current luna support line which is $ 97.87 based on fibretracement, the next support is $ 93.95 and $ 90.46 and $ 86.97.
To determine the resistance we will use the fibretracement tool and the red line, looking at the price, in the short term you can see that the first resistance will come after the previous ATH breaks around $ 104 at $ 110.74, while the second resistance is at $ 131.88.
Please pay attention to the CHOP indicator, which indicates that the energy in the 4-hour interval has been heavily depleted, and the MACD indicator shows an upward trend.
Let's start by marking the uptrend line with a blue line.
Moving on, it is worth highlighting in purple the current luna support line which is $ 97.87 based on fibretracement, the next support is $ 93.95 and $ 90.46 and $ 86.97.
To determine the resistance we will use the fibretracement tool and the red line, looking at the price, in the short term you can see that the first resistance will come after the previous ATH breaks around $ 104 at $ 110.74, while the second resistance is at $ 131.88.
Please pay attention to the CHOP indicator, which indicates that the energy in the 4-hour interval has been heavily depleted, and the MACD indicator shows an upward trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.