Short Taken at around mid to low $6 on Daily
Price closed below baseline.
Lead indicator crossed zero line.
Volume confirmed the short.
Support broken & acting as new resistance.
Risk at 1% of portfolio current value.
2:1 RRR at TP 3
Any questions in regards system I am using to place trades please refer to CrackingCrypto channel in...
Many indicators tell the story.
Pattern forming a bull flag under the fib. circle or resistance line with HHs and LHs
RSI upwards trend
Momentum upward trend
Volume reducing\squeeze happening
BTC dominance dropping still, however a concern, soon to reverse. Don't know how this will effect EOS.
MA's acting as support
3 Charts to support upward...
Just an observation on EOS performance and key markers.
What surprised me looking back and now at EOS, is its overall performance in price and pattern, is significantly positive. It is also very symmetrical and continues to be so.
The other is its gains over BTC (refer to the chart approx. 190% gain over USD and 80% gain over BTC at its peak)
Moving forward in...
EOS is remaining in heavy resistance daily MA 200 with the previous support which is now our resistance + fib 61,80%.
Besides that, market is also overbought on the daily + bearish divergence on the H4.
This could be wave 5. If so, then we are going to correction phase.
Target marked on the chart.
In the previous idea, we denoted the output of the eosusd price from the graphic model "flag". The correction continued and it is possible to rebuild into a larger model. Like last time, we should expect a candle fixing beyond the borders and dial a short sale. Also, in a more risky version, it is worth selling from the upper border of the flag with a stop loss...
What is the price for that hard drop to be followed by a bounce?
I'm posting up the price range from a historical perspective and recent support lines.
BTC - downward trend but the weekly charts show since August we have had higher lows and lower highs, showing sideways movement with no clear direction.
EOS like NEO is move alike as per BTC,...
EOSBTC shows lateral movement, in the inclined flag. First broke through the support line, a few weeks ago broke through several lines of downward resistance, but as a whole there is little sign of growth, EOS's corrective movement has still observed.