As you can see EOSBTC has been going sideways lately, with a last peak with volume. Now volume is still and that should ring a bell in our bullish minds.
MACD signal crossed zero line signaling bullish trend.
ADX is telling us there's still no trend in PA but DI+ is over DI- so there's a probability a new bullish trend start if volume comes. As you know, when ADX is below 20, we like to pay attention to stoch better than RSI, and stoch is in a dangerous position for bulls, going again to overbought area. At the begining of a new trend, overbought territory is not as dangerous as in a bear market, so indicator could remain there a lot of time while PA rises. Nontheless, we need to be careful and get out of our trade if stoch cross bearish and get out from overbought line.
Finally, PA is over EMA21 and EMA55, and the bullish crossover is near. So, i can see a good trade entering above 3515 (last good white candle with volume) and babysitting the trade specially stochastic.
MACD signal crossed zero line signaling bullish trend.
ADX is telling us there's still no trend in PA but DI+ is over DI- so there's a probability a new bullish trend start if volume comes. As you know, when ADX is below 20, we like to pay attention to stoch better than RSI, and stoch is in a dangerous position for bulls, going again to overbought area. At the begining of a new trend, overbought territory is not as dangerous as in a bear market, so indicator could remain there a lot of time while PA rises. Nontheless, we need to be careful and get out of our trade if stoch cross bearish and get out from overbought line.
Finally, PA is over EMA21 and EMA55, and the bullish crossover is near. So, i can see a good trade entering above 3515 (last good white candle with volume) and babysitting the trade specially stochastic.
PA went to 3457 very close to my accurate 3515 estimation. But, as you can see there's so mixed signs that makes me close my trade with little profit:
1.- MACD on bullish territory but signal crossing belows makes me close the trade at this moment.
2.- Candles closing below 21EMA (as a resistance) and bullish cross between 21 and 55 never happened.
3.- Stoch far away from oversold, is bearish.
4.- ADX sideways but DI- above, so PA should go lower.
Not advice... my journey