Relative Strength Index: The RSI is currently at a healthy 41 points. This means the market is ready to recover and at the very least continue trading sideways.
Bollinger Bands: The price is within range but is quite close to the lower bollinger band. This means that EOS can still drop a few percent before bouncing back up.
Volume: The volume is still there but...
EOSUSD fighting for life here. 3.67 pivot breakdown will lead to at least retest of $3.1, but likely lower overtime. This level would equal BTC at 9.4k
In red bearish signs:
- tenken, kinjun negative cross
- MACD negative cross
- below KC channel
- negative volume spikes no positive volume
- still holding bottom of 4h ichi which hasn't properly...
The support level which has been tested twice(13th of March and 17th of July), is currently been tested again and currently hugging the support.
On the daily time frame, the price chart of EOSBTC has been spotted forming a chart pattern called The inverted cup and handle chart pattern.
The inverted cup and handle chart pattern which is considered to be a bear...
Here we have EOSUSD 1D chart.
By looking at this chart you see healthy bullish trend with repeating triangles with equally ratios from the bottom to high taking from the point of breaking, So we are waiting something interesting here by looking to the positive or bounce side.
As analyst you must take all probabilities you have so what's the bad...
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Slowly bearish moving market.
Bearish waves starting to form after prices made new highs.
At strong resistance and psychological barrier right now, expecting some bearish pressure!
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...