hamie101

EOSBTC Short - Scary Times?

Short
BINANCE:EOSBTC   EOS / Bitcoin
Broke the neckline on the Inverse head and shoulders but couldn't break the wedge , we are patterns inside bigger patterns, the failed breakout shows more downside to come
Orange - Local Support
Red - Stop Loss
Green - Profit Targets
Declining buying volume
Declining RSI
If 6k breaks.. things are looking very bad as this is a place that has so much support..
We are being pushed down by the moving averages.. A sideways consolidation can happen or a breakout to the downside.. lets see what happens.
Comment: Waiting on eos to hit the top of the triangle or break below it before entering a position.
Trade active: Broke the wedge... monkaS

Comments

Am i too bearish? on it, let me know. We see all these other coins pumping except Eos in the past weeks..
Reply
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