Today’s chart will be on EOSBTC , potential divergence!
Points to consider,
- cross on EMA’s
- broke resistance
- picking up slightly
- VPVR showing low of transactions
- Price putting in lower bottoms as puts in higher bottoms ( )
EOSBTC is looking quite interesting on the as it may be looking to change market structure and turn . The recently broke resistance and has further upside potential upon retest of the now turned support, previous resistance.
Price has been putting in lower lows whilst has been establishing higher highs, classical . has also been picking up, we need to see this sustain if EOS was to test local resistances.
The EMA’s are currently crossing , which is another sign that EOS is ready for further upside movement and with the VPVR showing low of transactions, EOS bulls shouldn’t have much issue reaching resistant targets, posting gains of potential 42% and up to 92%!
We much consider the market as a whole, the crypto market is very uncertain, this whole set up can be negated by BTC’s moves so we must use risk management and stop losses!
What are your thoughts on EOSBTC recent developments? Will bulls come to fruition and break local resistances? Or will we see EOS roll over and retest yearly lows?
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