Shorting Opportunity for EOS.
Currently in a RISING WEDGE which is a bearish indicator
RSI nearing overbought
MACD Showing Bearish Divergence
BTC Running rampant ruining everything
Happy Shorting.
EOS Token (EOSZ18) is looking bullish after a strong drop. Let's take a look closer look at why.
EOS Token (EOSZ18) Chart Analysis by Alan Masters
We can see a huge increase in green volume after the 7th Dec. drop. This is true on both time frames (4H and 1D).
The RSI has come out of oversold and is already on the bullish zone (4H TF).
Now trading...
EOS has dropped a lot since my SHORT call day before. How amazing would it be if we can get ride it back.
No trade zone on 4hrly is building up on EOS.
Which means that reversal is close.
But it doesn't mean that the reversal is on next candle.
It could keep dropping during no trade zone.
I'm going to keep an eye on it and wait for a confirmation from next 4hrly...
This can be traded on any exchange including Bitmex.
But remember prices of Bitmex will be different as compared to prices on Binance.
I'll be trading EOS on Bitmex. Charting here due to lack of historical data on Bitmex Chart.
EOS has been forming this triangle for a while now. Has made multiple attempts to break the top.
FAILED!
I'll be SHORTing it on...
EOS Complete his Pennnat Formation & Now We are Ready to take Entry Breakout Points then we can Set target as well as Poll Height.
Set Stop Loss own RR Ratio.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Hello Lads and Ladies,
NR5 now
EOS.. omg EOS..
Trends hold, pump sideways, pump sideways, rinse and repeat..
Bullish as hell with a close at 38.2% fibs.. I will bet on a little more sideway movement and then lets go close above 9000..
Look at the chart, nothing more to say..
Cheers TJ
