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TradingShot
May 8, 2021 11:42 AM

EOSBTC Major Bullish Break-out Long

EOS / BitcoinBitfinex

Description

EOSBTC broke above the Lower Highs trend-line that started on April 2018 that has essentially marked the start of its Bear Cycle. By doing so, it also broke the 1W MA50 (blue trend-line). That was the first hit on that line since the June 03 2019 1W candle. This bullish break-out is supported by both the RSI (broke above its 1 year Resistance) and the LMACD (biggest bullish gap ever).

The short-term target is the 1W MA100 (green trend-line) and long-term the 1W MA200 (orange trend-line). Both happen to be near the two major Resistance levels (1 & 2) that were formed previously by Lower Highs.


Most recent EOSBTC signal:





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Comments
Bitcoin-Proselyte
Can it reach ath again?
Milad_IMZ
You mean Bull Cycle? Thanks for great analysis... what is your EOSUSD long term price prediction??
Pro_Trader_HTBB
Here is my EOS/USD chart, perfect as per usual....
TradingShot
@HowToBuyBitcoin, Thank you for sharing but any comments on my analysis though?
nmrs
what about icx
h02man
great analysis , pls analyze EOSUSDT
kaisarbi1
Very good analysis on this!
Pugnacious
Your previous EOSUSD analysis helped me make a 2x swing trade last week. As always, thank you for consistently accurate analysis!
ilesanmimicheal6598
please analyse ADA and BTT
UnknownUnicorn4127247
Good work from you :) thx
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