EOSZ19 Bearish Setup
Broke the support line confirmed a bearish momentum plus incoming bear cross on MACD 4H TF let's wait for more downward movement for EOSZ19. We have area of support at 0.0003604 - 0.0003636
EOSZ19 - SHORT SET UP
EOSZ19 Looking bearish trading below 50MA and 21MA at 4H TF we have resistance area at the box around 3873 - 3994 region priority today more pressure downward.
EOS break this yellow line support confirmed more bearish price action incoming MACD bearish in 4H TF
EOS Token (EOSZ19) is trading above resistance and can easily move higher. The volume is pretty low, so if the volume doesn't show up things can quickly change.
If the support line is broken, dashed blue, EOSZ19 is very likely to move lower. Above this line, it can easily hit the next target at 0.0004120.
Additional details can be seen on the chart.
EOS Token (EOSZ19) is starting to move up after breaking out of an ascending triangle, you can clearly see it on the chart.
This pattern tells us that there can be additional growth, especially since so many resistance levels in the form of EMAs have been conquered.
EOSZ19 is now trading above EMA10,100,300 and MA200.
The RSI is strong and the MACD is showing...
EOS Token (EOSZ19 or EOSBTC) might be getting ready to move... This chart might not be there yet, but the action we are seeing coming from the other pairs on BitMEX and the altcoins in general, are quite telling.
Anyways, I think EOS Token will move higher in the coming days (this week)... Let's see how this goes.
All of the details are on the chart.
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