#EOS Macd about to cross on 4h - Lets see where that can take us
Here we have another #eos analysis, hope you follow the eos I came out when I announced a stop loss 18800, you can never know when there is such a blood bath as we have seen in the last few days in :O
If you're not already in #eos, this might be the opportunity to buy. We've started to show support around 16500. Remember stop limit again with a limit you can live with if the market would go the opposite way to what we want.
This is what I see, I see that macd would like to cross the four-hour chart, which may indicate that we will soon get more volume in the buy side, I expect then that we at least try a real attempt to break this down the channel we now find ourselves in. The first target will be 18500-19000, take a profit to re-evaluate the position you are in as we can still see clear signs that macd on the 1 day chart are not yet completely pressed the price downwards.
I therefore take this as a warning that we may possibly take a 50% retrace from our all time high, now we are right above this 38: 80% fib. A retrace between these points is a completely healthy and normal retrace that still indicates a bullish trend.
Nevertheless, rsi is on 1 day around 50%, which means I also have the belief that we can make a real attempt to break the downtrend aith this point, but lets keep real and hunt for 18500-19000sat first. :)
My mission is to help as many as possible to get better in the market and take better choises with their money. Gladly join the new discord community CryptoNo Vikings with news, charts and basic TA for those who wish to learn that, you are welcome. :) discord.gg/zy5mApx
If you're not already in #eos, this might be the opportunity to buy. We've started to show support around 16500. Remember stop limit again with a limit you can live with if the market would go the opposite way to what we want.
This is what I see, I see that macd would like to cross the four-hour chart, which may indicate that we will soon get more volume in the buy side, I expect then that we at least try a real attempt to break this down the channel we now find ourselves in. The first target will be 18500-19000, take a profit to re-evaluate the position you are in as we can still see clear signs that macd on the 1 day chart are not yet completely pressed the price downwards.
I therefore take this as a warning that we may possibly take a 50% retrace from our all time high, now we are right above this 38: 80% fib. A retrace between these points is a completely healthy and normal retrace that still indicates a bullish trend.
Nevertheless, rsi is on 1 day around 50%, which means I also have the belief that we can make a real attempt to break the downtrend aith this point, but lets keep real and hunt for 18500-19000sat first. :)
My mission is to help as many as possible to get better in the market and take better choises with their money. Gladly join the new discord community CryptoNo Vikings with news, charts and basic TA for those who wish to learn that, you are welcome. :) discord.gg/zy5mApx