EOS has formed a bullish wedge on a higher time frame
also we have a descending volume which confirms the wedge
We also have a breakout but the volume is just not convincing enough so i might skip this trade or wait for the volume since it looks like eos is retesting the resistance
also we have a descending volume which confirms the wedge
We also have a breakout but the volume is just not convincing enough so i might skip this trade or wait for the volume since it looks like eos is retesting the resistance
Comment:
And we also have a bull pennant on EOSUSD pair with no breakout as of yet
Comment:
EOS breaking out
I will wait for the candle close before opening a long
I will wait for the candle close before opening a long
Comment:
The candle didn't close above the line
So we still have to wait
So we still have to wait
Comment:
We had a close above the trend line but volume was not enough
But if we get a close above 4 hour cloud then we take the trade
But if we get a close above 4 hour cloud then we take the trade
Comment:
Same stuff happening with EOSBTC as well, not being able to close above the cloud
Comment:
We have a close outside the cloud both in BTC and USD pair
So we enter here with a stop loss being set at the lower cloud
So we enter here with a stop loss being set at the lower cloud
While looking at the RSI we an see that eos bounced off the 50 level
So that's a very good sign