CryptoMarketFlow

EOS/BTC possible consolidation on daily chart

BITFINEX:EOSBTC   EOS / Bitcoin
Bulls were able to stabilize the situation on 7th of August when market hit possible demand zone based on weekly chart ( blue zone ) and lower shadow ( pin bar ) has been created. Even more, the rally we have seen was bigger in size than previous corrections. First test of psychological 100k rejected but bulls were able to hold 75k and as long as we are not going to make lower low the consolidation/accumulation within 75k/100k range possible. Bulls need to close on daily basis above 100k to open the way towards 125k and 150k.Move down and close below 55000/50000 on daily basis will probably cancel tis slightly bullish scenario.
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