Resistance Turn into Support

In this Educational Post, We are looking at One of the Simple and Useful Ways to find the next Possible support or Resistance lines.

First Example is about Resistance turn into support:(Yellow comments on the chart Shows that)(1 & 2)
As you can see Red zone(1) was the previous All Time High for Bitcoin so 20000$ in previous years was Major resistance until it broke; now we are looking for Support around 20000$ and we are expecting the previous Resistance now turn into major support(2) for the price.

Second Example is about Support turn into Resistance :(Blue comments on the chart Shows that)(3 & 4 & 5)
30000$ was major support for Bitcoin Two times, January 2021(3) and July 2021 (4) Now if possible support zone(2) that we found based on this Educational post remains valid, and the price starts to rise again then our first target would be 30000$ because Resistance zone(5) now is there.

Hope you enjoy this post is Not Financial advice so always Trade based on your own decision and research.