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emotionallydetached
Aug 10, 2019 5:28 PM

EOS/BTC - Monitoring 1D Chart 

EOS / BitcoinBitfinex

Description

I don't know much about EOS. Looking at it, quite a curious one as it's ranged for quite a while (up to June 2019) when other alt scam coins were being slaughered in the so called "alt winter".

Price action shows a history of relatively short downtrends and uptrends.

Will be monitoring this closely.

+ Broke a crucial support level quite recently.

+ If it re-entered the range (indicated by a yellow box on the chart) it could stay there.

+ Otherwise, expect the bearish trend to continue until it hits one of the LOWER support levels.

Comment

I would be tempted to short the nearest resistance with a tight stop loss.
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