Downtrend will continue. I am seeking buing opportunity at the price around 0.00110 - 0.00100.
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EOS dump will continue, I guess the price will be dropped below 0.0010, where are first buy walls located.
/Users/Libor/Desktop/Snímek obrazovky 2018-07-10 v 22.51.45.png
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EOS’s TA udpate is here. As I predicted a two weeks ago, the EOS’s price decreased and hit 0.00106 mark. Hope, You bought a bag of this asset.
Looking at 1D TF EOS’s chart - MACD and Stochastick are pretty bullish and indicates possible trend reversal. Ichi looks good too. Now, EOS is rising and it is in profit zone - aprox. 4%.
But, local downtrend resitance is above us (red line) and it should reflect EOS back below 0.0010 mark. Last two EOS’s breakthrough attempts were unsuccessful. EMA21 is located a bit higher, at the price 0.00125.
Hmmm... Looking at Binance 1w chart now at MA support, StochRSI at the bottom and trying make move up. RSI still about 50. And at first run of the year 120-130 area was resistance, so now acting like support.
AsBobbyDigital
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@PumpItUp, Sorry for my late reply. I still think that buy below 120 is possible.
PumpItUp
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@CryptoMoe81, at my post time I expecting to go up, and hit EMA resistance, after it EOS goes down. I prefer trading by EMA support/resistance and last support/resistance in different time frames. Now EOS bellow 1D 4H and going bellow 1W EMA support, so without BTC move up EOS like going down and down... Hype is over, like TRX, XVG, ONT, most of popular and hyped coins without big news/rumors only going down...
AsBobbyDigital
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@PumpItUp, I agree with you. Also use EMAs trend lines. Now, EMA21 (1D TF chart) is important resistance for EOS. So I expect slow dump of EOS in next weeks or months. I guess we will go below 0.0010, there are firt buy walls located. The next EOS events is coming on 4Q2018 - when new EOS exchange release is expected.