When previous support becomes resistance - trading 101

[Pecunia non olet]

http://www.investopedia.com/university/technical/techanalysis4.asp

http://www.investopedia.com/articles/trading/06/supportresistancereversal.asp


What once was support now is resistance.

Traders know this.

What you think are the chances of taking down the restance at the previous support-level of 1900 to 1950 CNY?

Anytime soon?

BTW: what's our next support-level? 80$ to 100$, isn't it?

[Pecunia non olet]

obviously nobody is interested in previous support which is now resistance 

[inca]

obviously nobody is interested in previous support which is now resistance 

We can all see the charts.

The only reason the price is 284 today and not 295 or higher is a single dump on finex of 2000 coins to paint the chart.

In such a thin market what was resistance can become a margin call in less than a minute from a single trader.