Post
Topic
Board Speculation
Re: [Charts] Just another analyst - my ongoing TA
by
dragonvslinux
on 19/11/2020, 13:58:55 UTC
I'm currently looking at a short-term pull-back before price moves higher, if bulls fails to hold the mid-level of the parallel channel price has formed:



For now bulls appear to be defending the mid-level, confirming the bullish momentum is still in tact. Bulls needs to break through the parallel channel in order to avoid a double top scenario, but so far so good. Three wicks have come down to test the mid-level (yellow dotted line), which indicates strong dip buying mentality is still in play.