Possible descending scallop (short term bullish reversal) confirmed by a Adam and eve formation. Overall bearish sentiment while in channel. I mainly do this for fun so let me know areas I can improve on!
EOSBTC Looking for further corrections if this current structure breaks down, which it looks like it most likely will. Only bullish signals are that it is printing higher lows, there is definitely room to move lower, even after a significant correction following the H&S pattern. Included a bearish pennant for anyone learning patterns.
Consistent higher lows, possible sharp drop before price rise as seen in previous bull runs.
Still trading within downtrend range, possible inverse H&S setup waiting for drop for entry.
TP1 $3.54 TP2 $3.67 Stop @ $3.54 Given current volatility, it should go w/o saying that stop losses (as always) should be set first. Like many other alts we are seeing some serious volume buildup again this time on EOSUSDC and now with another shortsell in scope lies another opportunity for entry to TP. Pairs equally with BTC & ETH as all...
EOSETH, Buy on h4. H4: - Structure: Uptrend - Tendency: Upward - Above support => BUY
After a painful few weeks for the short-term market, as is often the case when attention is overwhelmingly focussed on the nuances of pivotal Libra wording and expectations (last week's mass exodus case-in-point). Tweaks to forward guidance were sufficient to fulfil expectations, however an up-beat Bitcoin, purposefully lacking in mainstream press looks set to...
Look for the breakout: Resistance : 3.3338 2 possible ways ( Blue and Yellow arrow after interacted with Pink ) Take profit : 3.6796 - 3.7851 Swing low with 3.0258
Technical analysis: . EOS/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0178000 to 0.0165000). if so, traders can set orders based on Price...
Technical analysis: . EOS/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0178000 to 0.0165000). if so, traders can set orders based on Price...
Technical analysis: . EOS/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0178000 to 0.0165000). if so, traders can set orders based on Price...
Technical analysis: . EOS/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0178000 to 0.0165000). if so, traders can set orders based on Price...
Supply and demand levels for trade location.