MrVolcano
Short

EOS BTC short

BITFINEX:EOSBTC   EOS / Bitcoin
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Price appears to be in a rising wedge formation and looks to have plateaud. We can see a double top formation.

It is possible that this is a ascending triangle which is a bullish reversal signal, however with StochRSI overbought, and RSI below 50, as well as overall market sentiment, the signals suggest a healthy move to the downside.

Measured objective target at 0.00016245.
Comment: It should be pointed out that price could potentially move higher to the fib 38% level. Hence SL should be tucked about fib 38.

If price does pull higher, consider layering additional trades.
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