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InvestingScope
Jun 1, 2018 7:03 AM

EOS just entered the "harmonizing" Channel Down Short

EOS / DollarBitfinex

Description

As shown last time, EOS is replicating the January - March 4H candle cohesion and the sideways trading sequence since May 26th (neutral RSI = 50.763, STOCHRSI = 49.755, CCI = 30.7903, Highs/Lows = 0.0000), largely confirms this expectation. We expect the price to start entering s controlled decline on 1H (already MACD = -0.019, ROC = -0.0091, B/BP = -0.1710) as it enters the (orange shaded) Channel Down (supports seen on blue lines). Short TP set intact: 0.0815, 7.4356. By June 14 we will start buying.
Comments
CryptoComes
Oh! Nice review. Yes, EOS/USD has some room to fall, but let's wait for the mainnet to come into force.
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