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peter-l
Feb 7, 2020 4:30 PM

Trend analysis of eos and bch 

Bitcoin Cash Node / Tether USDHTX

Description

Originally I rarely analyze the target outside of Bitcoin, but this wave of market is indeed somewhat different, basically belongs to the mainstream currency market. So at this critical moment, I hope we have some suggestions. Because the target is more, can not be analyzed one by one, the main talk, but also because of the daily posting restrictions, so can only be combined explanation. Because a lot of people like rsi this indicator, today by the way to analyze it, is also to explain the usage.
eos, rebound to the present, the technical point of view is still relatively healthy, macd divergence resolved, broke through the Fibonacci 0.382 resistance level, followed by two questions, first, Fibonacci 0.5 position at $5.41, where may be an important pressure level;
bch, similar to eos, rebound is not small, close to last year's highs, if it is a bull market, will certainly break through. The indicator problem is similar to eos, macd is good and healthy, but rsi has a divergence problem, and it is a serious divergence.
So how to respond to this situation? I've talked about the right-hand trading strategy before, that is, you can't be rushed off the field because there is a problem, because it is still on the left, if you are anxious to make a judgment, it may be wrong, so we have to wait for the technical downward trend to form and then leave the scene, then the error rate will be reduced, of course, some people say I am timid, then in the left batch reduction , this ensures that it will not be spaced and that risk can be spread.
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