Hello guys I'm starting a weekly analysis on the top 10 marketcap cryptocurrencies. Here is for EOSBTC.
Right now, I am bearish on EOS. I could change my mind in the following days, but let me explain why I think that way.
What stuck my eye, is the decrease in volume in the last couple days. The RSI making a new lower high. The Ichimoku Cloud behavior: it reversed so poorly I'm afraid we're on for a new downside ride.
On the weekly chart we can see better a bear flag being formed.
Other possibility: a rising wedge on the daily chart
That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it.
Feel free to comment your opinion and thoughts !
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My Website - Automated Strategies with Backtest and Alert Setup
Accepting commissions : TradingView pinescript development, reverse engineering
Right now, I am bearish on EOS. I could change my mind in the following days, but let me explain why I think that way.
What stuck my eye, is the decrease in volume in the last couple days. The RSI making a new lower high. The Ichimoku Cloud behavior: it reversed so poorly I'm afraid we're on for a new downside ride.
On the weekly chart we can see better a bear flag being formed.
Other possibility: a rising wedge on the daily chart
That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it.
Feel free to comment your opinion and thoughts !
--------------------------------------------------------------------------------------------------------------
My Website - Automated Strategies with Backtest and Alert Setup
Accepting commissions : TradingView pinescript development, reverse engineering
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I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
Discord Server: discord.gg/RVwBkpnQzm
I am taking PineScript Commissions ✔
=> blockchainfiesta.com/contact/
