BTC - Old resistance becoming new support

12 ביולי 2022

After breaking out of our triangle formation we are currently retesting our old resistance as potential new support. If we fall from here we could wick anywhere between $19,400-19,600, but will most likely close above. If this retest is successful then we could see a move as high as 26-27,000. 4H RSI is also oversold. A daily candle close below our support level (green lines) would negate this pattern.