EOS showing some loss momentum Let's wait until dropping back to our support area between 5028-4920 sats this area is a good place
to Buy but unconfirmed yet wait how EOS will react to our support trend-line if the price can manage to hold our Trend-line support
potential next wave bull rally is coming potential target for LONG entry up to 5222-5382 sats.
Hello guys,
I see two bearish divergences on volume and CCI in daily timeframe .
The resistance is not broken yet, and RSI is overbought. This could pull back to 0.00048 sat and as low as 0.00046 sat.
Looking at EOSBTC long-term chart, 5k sat has always been a critical point, acting as both support and resistance lines.
2 possible scenarios for EOSH20 are shown in the chart. In any case a pull back from 5000 sat is inevitable, a good risk/reward ratio to open a sell position there.
The yellow circled candle... That's the signal.
This is supposed to mean that prices are going higher... But one signal is never enough, for us, to make any buy/sell decisions, so we look for other signals to support this one.
We can see the MACD and RSI curving but prices for EOSH20 are still below EMA10 (green line).
The circled candle is a reversal signal...
We are seeing EOS Token (EOSH20) moving within an ascending triangle and gaining momentum.
Notice the higher lows and the black trendlines, prices are clearly moving higher.
Volume is still average but EMA10 and EMA50 have been conquered recently.
This chart can lead to some great gains.
We are active here with the following details:
Instrument: EOSH20
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