In the past days, I wasn't able to trade and i missed the whole movements of altcoins... Today i started to analyze again and i saw these monster bullish divergences we had on eos/btc and in a lot of altcoins. So what to do now if you miss this train?
As always i show two possible scenarios with some levels to respect.
- Bullish scenario
Eos is going on a very hot zone. Today touched level 0.618 of fibonacci and got stopped. I think that if Eos will break the dashed line and the yellow circle (4300-4400 area), could rise to the blue rectangle, 4800-5000 area. The yellow circle is an hard area to break... here we have level 0.705 of Fibonacci, the bottom of Ichimoku cloud, and the MA 100 (blue line). So probably from this area, eos will have a pullback, but once that the area has been broken, i think will reach 4800 with no difficulty.
- Bearish scenario
Mfi and other indicartors look like have topped. On lower timeframes, there are some bearish divergences, so could be the time for a retracement!
On my mind the short signal will be given by a fakeout of the black dashed line. I think could reach 4200-4300, then dump.
Targets for the short are on the chart
As always i show two possible scenarios with some levels to respect.
- Bullish scenario
Eos is going on a very hot zone. Today touched level 0.618 of fibonacci and got stopped. I think that if Eos will break the dashed line and the yellow circle (4300-4400 area), could rise to the blue rectangle, 4800-5000 area. The yellow circle is an hard area to break... here we have level 0.705 of Fibonacci, the bottom of Ichimoku cloud, and the MA 100 (blue line). So probably from this area, eos will have a pullback, but once that the area has been broken, i think will reach 4800 with no difficulty.
- Bearish scenario
Mfi and other indicartors look like have topped. On lower timeframes, there are some bearish divergences, so could be the time for a retracement!
On my mind the short signal will be given by a fakeout of the black dashed line. I think could reach 4200-4300, then dump.
Targets for the short are on the chart
Trade closed: target reached:
26% easy on short. I'm gonna close half short here
