There seem to be two patterns forming up. The first is a Larger which i discuss first, then i move to the smaller Garltely setting up and discuss how I will use either pattern to get short.
Jump to reference points:
0:20 EOS April to May move 200+ %
1:05 Missed weekly & monthly central pointed out and discussed
1:20 Discuss why i dont get long when missed below price
2:00 Good time to get long? I dont think so
2:30 Pattern #1 BAT discussed
3:00 Patter # 2 discussed
4:00 Potentially getting short, entry, stop & R:R
5:40 Trade management & Price targets
6:15 price exceeding R3 with a missed central
6:50 Summary of both patterns
9:00 how Bitcoin could influence EOS to head lower
Ill update once one of the patterns completes.
Next target is weekly central pivot from two weeks back
Just so you know, EOSUSD long positions are currently extremely high. Longs have been stacking up during this consolidation.
What I'm getting at is if we do reach your first level, I'm pretty sure we will also reach the second one due to large amount of longs being liquidated.
I'm currently shorting EOSUSD btw.
Eos is the strongest one most out there, probably will see 2rd or 3th rank on coinmarketcap soon ,, replacing BCASH and ripple for sure ,, clearly 16$ level is strong support, i guess its ready for another run till end of this month once 20$ resistance break ,,, most probably 30$-35$ soon!!!