BTC Breaking The Big Ascending Channel
Bitcoin/USDT has broken the ascending channel the past day and has broken also the critical support at 22572 USDT (RED LINE), leading the pair to come down and retest some lower prices.
In the main time BTC is standing between the previos broken support level at 22572 USDT that was flipped as a resistance for the pair now, and the next support level to watch at 20800 USDT (GREEN LINE).
If the price keeps going lower, the second level to watch after a breakout and close blow the first support level would be at 18876 USDT, and with that the pair would flip the first support marked by the green line to resistance and move to the next support (BLUE LINE) at 18876 USDT.
A breakout and a close above the current resistance (RED LINE) will invalidate everything.
In the main time BTC is standing between the previos broken support level at 22572 USDT that was flipped as a resistance for the pair now, and the next support level to watch at 20800 USDT (GREEN LINE).
If the price keeps going lower, the second level to watch after a breakout and close blow the first support level would be at 18876 USDT, and with that the pair would flip the first support marked by the green line to resistance and move to the next support (BLUE LINE) at 18876 USDT.
A breakout and a close above the current resistance (RED LINE) will invalidate everything.
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