RushAttacker

EOSUSD potential breakdown to $3.1 and beyond

Short
BITFINEX:EOSUSD   EOS / Dollar
EOSUSD fighting for life here. 3.67 pivot breakdown will lead to at least retest of $3.1, but likely lower overtime. This level would equal BTC at 9.4k

In red bearish signs:
- tenken, kinjun negative cross
- MACD negative cross
- below KC channel
- negative volume spikes no positive volume
Bullish sign:
- still holding bottom of 4h ichi which hasn't properly bounce on 4h timeframe.

Trade is short market open $3.59 and close $3.13. In case of the bounce from current level I would short $4. The picture would change if EOS closes 4h above $4.
Comment: trade opened by market order
Trade active: trade opened by market order
Comment: there it goes
Trade closed manually: 3.28 closed for now, looking to re-enter 3.55 die to BTC being at critical 9450 level.

Comments

that went deep! Top loosing crypto of the day (binance usdt pairs), sadly closed 3.22 while it reached 2.4.
Reply
arscrypto777 RushAttacker
@RushAttacker,
Nice analysis, u think it will fail again to 2.4?
Reply
RushAttacker arscrypto777
@arscrypto777, Possible scenario is drop to 2,4 (which will likely generate some divergence on MACD) and bounce to $3.2.
Reply
arscrypto777 RushAttacker
@RushAttacker,
Can you please suggest any support area that we likely drop to 2.4
Reply
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