PLEASE DO NOT USE IT AS A FINANCIAL ADVICE -
I am not a professional advisor and I am only testing my knowledge on a public way.
If you have any comments please join the conversation below.
Due to this Bitcoin slave mode coins are in it's hard to think that all the signals pointing down are wrong.
On this overview of EOS BTC I see it falling on that wedge maybe 8% could be achieved with a stop loss of 3%.
SHORT
EMAS 72,34 below 200 EMA
EOS inside the triangle formation reaching the wedge of resistance down trend line that pushes hard, if the price does not break it up it just might fall!! yay! quit a normal behavior if you look back a month or so.
It has been consolidating for 15 days already even though we have a low volume, what could also lead us to a slip.
MACD is below the mid line, RSI shows more selling ahead,
If it loses the pivot a profitable dive to 23.6 fibo (0.00080246) and S1 (0.00079460)
or even S2 (0.00075389) could be in play.
STOP buy on the pivot
Stop loss at 0.00085210
targets 23.6 fibo
s1 and s2
RECKLESS BUY at EMA 200 if it tests the before the fall.
hey that's my thoughts about it
I am not a professional advisor and I am only testing my knowledge on a public way.
If you have any comments please join the conversation below.
Due to this Bitcoin slave mode coins are in it's hard to think that all the signals pointing down are wrong.
On this overview of EOS BTC I see it falling on that wedge maybe 8% could be achieved with a stop loss of 3%.
SHORT
EMAS 72,34 below 200 EMA
EOS inside the triangle formation reaching the wedge of resistance down trend line that pushes hard, if the price does not break it up it just might fall!! yay! quit a normal behavior if you look back a month or so.
It has been consolidating for 15 days already even though we have a low volume, what could also lead us to a slip.
MACD is below the mid line, RSI shows more selling ahead,
If it loses the pivot a profitable dive to 23.6 fibo (0.00080246) and S1 (0.00079460)
or even S2 (0.00075389) could be in play.
STOP buy on the pivot
Stop loss at 0.00085210
targets 23.6 fibo
s1 and s2
RECKLESS BUY at EMA 200 if it tests the before the fall.
hey that's my thoughts about it