Hello Traders!
Today’s chart will be on EOSBTC, potential bullish divergence!
Points to consider,
- Bullish cross on EMA’s
- RSI broke resistance
- Volume picking up slightly
- VPVR showing low volume of transactions
- Price putting in lower bottoms as RSI puts in higher bottoms (Bullish Divergence)
EOSBTC is looking quite interesting on the daily timeframe as it may be looking to change market structure and turn bullish. The RSI 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 RSI has been establishing higher highs, classical bullish divergence. Volume has also been picking up, we need to see this sustain if EOS was to test local resistances.
The EMA’s are currently crossing bullish, which is another sign that EOS is ready for further upside movement and with the VPVR showing low volume 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?
Please leave a like and comments
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
Today’s chart will be on EOSBTC, potential bullish divergence!
Points to consider,
- Bullish cross on EMA’s
- RSI broke resistance
- Volume picking up slightly
- VPVR showing low volume of transactions
- Price putting in lower bottoms as RSI puts in higher bottoms (Bullish Divergence)
EOSBTC is looking quite interesting on the daily timeframe as it may be looking to change market structure and turn bullish. The RSI 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 RSI has been establishing higher highs, classical bullish divergence. Volume has also been picking up, we need to see this sustain if EOS was to test local resistances.
The EMA’s are currently crossing bullish, which is another sign that EOS is ready for further upside movement and with the VPVR showing low volume 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?
Please leave a like and comments
And remember,
“You’re going to learn a million things, then you need to forget them all and focus on one.” – SunriseTrader
