Post
Topic
Board Speculation
Re: [Charts] Just another analyst - ongoing TA
by
dragonvslinux
on 30/11/2020, 09:26:19 UTC
I had assumed we'd find more resistance on the way back up, but it now seems we are moving above this and bouncing from the 50 MA. A very promising sign.



Price broke through the local resistance level with ease. On the 1hr time-frame, we might be looking for a short-term pull-back to $18K support and 50 MA. Otherwise, probably going to be another moonshot towards $20K.



On the 4hr, we are building up more volume at higher levels, which will eventually move the point of control to around $18.6K. Ideally, this would be with price above it, in order not to get rejected by the POC once it has shifted. Other than $18K on the 1hr, $17.8K on the 4hr is now looking likely as a support zone (21/100 MA projection zone too).