InvestingScope
Short

Triangle trading near the 1W Lower High. Still bearish.

BITFINEX:EOSUSD   EOS / Dollar
EOS is neutral on a short term basis trading inside a 1D Triangle ( RSI = 50.714, ADX = 24.047, Williams = -47.042, CCI = 15.1982, Highs/Lows = 0.00) that is approaching its exhaustion point. With 4H also neutral ( RSI = 47.669, Highs/Lows = 0.00) but on a more bearish slope, the 1W Lower High at 6.31 should stay intact, maintaining the long term bearish trend . However, unless 4.7505 breaks to the downside, the momentum on the short term will stay neutral and 5.1650 - 5.9780 can be scalped. On the long term we remain bearish with TP = 3.8925 and 1.6921 in extension.
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Head and Shoulders is the figure of reversal , but not the trend continuation.
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Nope. Just nope.
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Thanks for the continued updates!!!
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@COINLIFE, You are welcome. Thank you for the support.
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COINLIFE InvestingScope
@InvestingScope, yup recently signed up for your signals too!
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