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Simple but important levels and concept.
Black Arrow = Resistance
Blue Arrow = Support
there are two parallel lines. the upper parallel line has been acting as both support and resistance shown with arrows. right now this upper trendline is acting as resistance and the next support is the lower trend line which is around 56k-58k, which means price has broken below support and we must fall to the next level of support, which is the lower trend line, so before listening to scammers and crypto moonboys, have a look at these levels. i dont care what you do with them, i just know youll need this info.
Black Arrow = Resistance
Blue Arrow = Support
there are two parallel lines. the upper parallel line has been acting as both support and resistance shown with arrows. right now this upper trendline is acting as resistance and the next support is the lower trend line which is around 56k-58k, which means price has broken below support and we must fall to the next level of support, which is the lower trend line, so before listening to scammers and crypto moonboys, have a look at these levels. i dont care what you do with them, i just know youll need this info.
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