It looks like EOS is counter trading to Bitcoin and acting like every other digital asset. This is something I didn't expected considering the bull state EOS was in. But apparently it was time for EOS to come back to normal levels before opening the gate to higher levels again.
Right now we see that the bullish TK cross is quickly making a u-turn for a bearish tk cross. Tenkan-Sen couldn't climb higher to stay above Kijun-Sen. It didnt cross just yet but it looks like it will in about 4 hours.
The mixed signals ra coming from the Stoch RSI which is almost completely reset to start a new cycle as well as the MACD.
Right now I'm leaning more in favour of the bears considering BTC climbing higher and higher leaving all the other digital assets behind, apart from a couple like LTC and ETH.
So what can we expect.
I'm assuming we will reach the edge of the 4hr cloud before we can see a turnaround. I'm going to place some long orders at the 15.10 to 14.35 levels. I'm not even going to try to short this but just sit by the sidelines watching the development.
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Never ever trade based on someone else's advice. Do your own research. You have nobody to blame but yourself when a trade goes south. The other way around is true as well. you have no one to pat on the back but yourself when a trade goes in your way.
Right now we see that the bullish TK cross is quickly making a u-turn for a bearish tk cross. Tenkan-Sen couldn't climb higher to stay above Kijun-Sen. It didnt cross just yet but it looks like it will in about 4 hours.
The mixed signals ra coming from the Stoch RSI which is almost completely reset to start a new cycle as well as the MACD.
Right now I'm leaning more in favour of the bears considering BTC climbing higher and higher leaving all the other digital assets behind, apart from a couple like LTC and ETH.
So what can we expect.
I'm assuming we will reach the edge of the 4hr cloud before we can see a turnaround. I'm going to place some long orders at the 15.10 to 14.35 levels. I'm not even going to try to short this but just sit by the sidelines watching the development.
------------------------------------------------
Never ever trade based on someone else's advice. Do your own research. You have nobody to blame but yourself when a trade goes south. The other way around is true as well. you have no one to pat on the back but yourself when a trade goes in your way.