Calculating *support* and *resistance levels* for a *1-hour crypto trend* is a key part of technical analysis.

These levels help you determine price areas where the cryptocurrency is likely to reverse direction, either moving upward (support) or downward (resistance).

Here’s a step-by-step guide to calculate and identify *support* and *resistance* levels:

1. *Identify Recent Highs and Lows*:

- *Support* is the price level where an asset tends to *find support* as it falls. It's where the price is likely to reverse upward after reaching this level.

- *Resistance* is the price level where an asset tends to *face resistance* as it rises. It's where the price may reverse downward after reaching this level.

2. *Look for Price Reversals*:

- *Support Levels*: Look for areas where the price has *recently bounced up* or stopped declining in the past. These are often *low points* on the chart, where the market found buying interest.

- *Resistance Levels*: Look for areas where the price has *recently reversed downward* or stopped rising. These are often *high points* on the chart, where the market faced selling pressure.

3. *Use Pivot Points (Formula-Based Method)*:

Pivot points are widely used to calculate support and resistance levels. The key levels for a *1-hour chart* are typically calculated using the *previous hour's price action*.

- *Pivot Point (P)*: This is the *central level* from which you calculate the support and resistance levels.

P = High + Low + Close/3

- *High*: Highest price of the previous hour.

- *Low*: Lowest price of the previous hour.

- *Close*: Closing price of the previous hour.

Once you calculate the *Pivot Point (P)*, you can find the following levels:

- *Resistance 1 (R1)*:

R1 = (2 × P) - Low

- *Support 1 (S1)*:

S1 = (2 × P) - High

- *Resistance 2 (R2)*:

R2 = P + (High - Low)

- *Support 2 (S2)*:

S2 = P - (High - Low)

- *Resistance 3 (R3)* (optional):

R3 = High + 2 × (P - Low)

- *Support 3 (S3)* (optional):

S3 = Low - 2 × (High - P)