/biz/ - Business & Finance

>>57403758
You can clearly see from this what i'm talking about.
The zone that acted as support during the yellow-to-green days gets broken downwards (end of the pink rectangles), then becomes a resistance in the green-to-blue days. For the current cycle, this corresponds to our 30k-ish (see the same support that we had in Jul 2021 acting as resistance around Jul 2023). Then, after it's broken upwards as resistance (end of the green rectangle), it acts as support once again (pink circles) before the takeoff. Usually, we can see that the upper bound of the zone is taken as support. Which coincidentally should be exactly around 34k, depending on volatility.