EOS/BTC Double Bottom 4hr Long

EOS / BitcoinBinance

Description

⋅ May 6, 2018 5:27 PM

EOS looks like it has formed a double bottom.

The rectangle is the area to watch as it is the first major resistance level.

It tested that 25 EMA and will probably bounce down to the 10 EMA before moving up.

RSI is showing bullish divergence as well, keep eyes on.

Comment

⋅ May 8, 2018 3:22 AM

EDIT:

I published this chart in a slight mistake. A double bottom needs more volume as far as the sell candles that form that V.

That's my fault but EOS is moving up so I'll be sure to confirm it next time.