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.
After the candlestick fixation of the model "flag" abroad, sell-short with a target of 2.57. Also formed the model "H&S", which can enhance the price reduction.
if you are willing to take a risk on countertrend trending, i guess this could be a interesting reversal setup to scalp #EOS Short - 6760 TP: 6610 SL: 6910
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...
After the candlestick fixation of the model "flag" abroad, short sell with a target of 1.05 (last 0.67).
Hello traders, Just look at the chart, nothing to explain here, simple view lets see does it play like we want to
Descending triangle which is a bearish pattern . Open your shorts at Bitmex 0.0008899 Target: 0.000790 0.000666 0.0005885 Easy trade.
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. Observations: 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.
I am still waiting for good position for short. The best position would be cross of resistance line with fibo golden pocket. But to be sure I'm setting more entries above 5.6. Now you can long but be aware.
Looking at ETHUSD, we can clearly see a capitulation V bottom with a lot of volume. EOSUSD is still strugling to confirm support at about 4,5$. In the meantime the EOSETH ratio is near all-time high. I short this with a passion and I'll be putting my profit target reaaalllyyyy low on this one as I don't think the EOS bubble is over yet while the ETH bubble...
If we reach 2. target, then I'm setting LONG there
Price chart formed a 6 week-long rectangle with the lower boundary acting as strong support at 6.85 levels. The upper boundary was tested several times over the course of the chart pattern. The daily close below 6.64 levels confirmed the breakdown from the 6 week-long rectangle with the possible chart pattern price target of 4.67 levels.
After EOS breaks $ 2.7, the price moves in the channel, which I marked with two black lines. Today we will talk about the bottom trend line. For 2 times it was a strong support when sellers tried to squeeze the price down. After price tested this line the strong movement up begin. Also in the black trend line there is a strong price zone 5.7-6.1, which will be a...