Hey guys,
This time we are going to take a look at EOS.Even though this token is surrounded with hype at the moment,tehnical analysis might suggest that we are going to see a correction in the near future.
There is nothing to be afraid of,as we are currently respecting a very well-established trend,represented by the white triangle shown above.
Unfortunately,we are still under the 200 MA and we still lack the volume that we need to see a higher valuation of EOS.
How to trade: I would suggest keeping an eye on EOS' price action,as in less that 24h it's gonna decide if it uses the lower green line as a support,or breaks below the triangle,confirming a downtend,untill around 9k sats.
To be honest,i believe the second option is more likely to occur.
If this happens,just wait until it reaches the white support line(or short it),so that you can buy more afterwards,for cheaper.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
This time we are going to take a look at EOS.Even though this token is surrounded with hype at the moment,tehnical analysis might suggest that we are going to see a correction in the near future.
There is nothing to be afraid of,as we are currently respecting a very well-established trend,represented by the white triangle shown above.
Unfortunately,we are still under the 200 MA and we still lack the volume that we need to see a higher valuation of EOS.
How to trade: I would suggest keeping an eye on EOS' price action,as in less that 24h it's gonna decide if it uses the lower green line as a support,or breaks below the triangle,confirming a downtend,untill around 9k sats.
To be honest,i believe the second option is more likely to occur.
If this happens,just wait until it reaches the white support line(or short it),so that you can buy more afterwards,for cheaper.
None of this is trading advice,as it only represents my opinion on how things will evolve.
If this has been helpful to you in any way,please feel free to drop some change in my piggy bank, or just leave me a review in the comment section.(It would mean the world for me ;) )
BTC: 1FT5eALCLpTKtQDiwQrEvuq51ScXJQqDEZ
ETH: 0x3d2966f2cd842dd4c63cb42991d234b8f07e78b5
For any questions,leave a comment down below and i will answer as soon as i get to see it.
Cheers!
Trade active:
We broke the green triangle downwards,just as expected.
After this abrupt breakout,a nice and clean bear flag has formed,confirming lower prices.
After this abrupt breakout,a nice and clean bear flag has formed,confirming lower prices.