anzach77
Long

EOSBTC looking for the reversal (Short Term)

BINANCE:EOSBTC   EOS / Bitcoin
Following up from previous EOS TA, a possible reversal to the upside may be in play

Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green).

Clear 3x instance RSI divergence (high highs on RSI , lower lows on Price) indicative of a reversal pattern - compare this against the longer time lines.

Target range from 0.00088000 - 0.00090000 range (38-50% Fib levels)

Will need a to look out for a clear DI crossover with sustained ADX momentum to confirm this move.

This is quite a drastic pullback from the last breakout so risk/reward ratios are quite favourable :)
Great setup, following you now mate! I´m about to post a trade shortly, have a look on my profile for detailed information :)
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anzach77 DACapitalTrading
@DACapitalTrading, cool, i'll look out for it!
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