EOSBTC

This is a very interesting chart. The daily trend line is rising. Every time the price hits, it bounces back. It needs to be broken downside to confirm downtrend. However, on the top daily pivot is preventing the price to move up. Every time the price hits pivot level, it drops back. WA Explosion indicates downtrend, however the momentum is not that great. Stochastic crossover at upper band indicates sell is coming. RSI is dropping every time the price test pivot level. For now I will trade the pair on smaller time frame. Sell at Pivot and buy at trend line. However, for the longer time period, I am more inclined towards sell trade. Once the rising trend line breaks, sentiment will turn to sell with profit taking at support levels.

Chinese cyber-security mogul 360 Total Security has identified a series of “epic” security vulnerabilities in the EOS network. The team determined that remote attacks can potentially take over and exercise full control over all the nodes running on the network. Lets see if this news can add spice to the price breaking the rising trend line on daily chart

Comment:

Price below Pivot and testing the trendline. Lets wait for the break of trendline