cryptobulls51

EOS - Necessary cool off

BITFINEX:EOSBTC   EOS / Bitcoin
EOS/BTC has been in a bull run last few weeks and Tenkan-sen line is serving as dynamic support. If RSI continues above 50 we might see some continuation on this bull run and retest 0.0013 level one more time. Otherwise, EOS might find support on 0.5 Fib level at ~92k sats             , also where Kijun-sen lies.

The amount os shorts is rising, let's see it goes down to 0.5 Fib level, like a lot of traders are hoping for.
Comment: Considering hourly chart
I´m Totally agree with your perpectives.. Looking for 0.6Fib
+1 Reply
With all the FUD around the airdrop that should have happened on 15 April but never did I wonder if the accumulation was not in anticipation of the airdrop and the price fall will now continue as people offload because now nobody knows when or even if there will be an airdrop. I suspect the price is going to drop for a while
+1 Reply
cryptobulls51 Wetdog544
@Wetdog544, Yeah, I agree. I believe it'll probably go as low as 79k to 83k range.
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