Chart today for EOS, tested a daily downtrend from early July yesterday and trying to break trend here. Tested the 3621 valley and has retraced to 3570 area. This is a key resistance to determine if we can keep moving up.
Looking for entry on a successful bounce off previous 4 HR resistance turned support @ 3527, or a successful close over 3621.
EOS (EOSBTC) chart is now bullish and its price might start to grow strong soon... Let's take a look at the chart:
We have strong bullish divergence on the MACD and RSI. When this signal comes up on both indicators it signals strength.
Broke out of a descending channel.
Challenging EMA10 with a bullish candlestick.
TD Sequential bullish.
Since Feb 2018 the priceline of 7th largest cryptocurrency EOS moving within a triangle.
After Dec 2018 the price action is hitting the triangle support.
The candle sticks are also hitting the bollinger bands lower band.
The stochastic went in oversold after Jan 2019.
In the meanwhile the price action also formed a bullish BAT pattern at the end of triangle and...
EOS/BTC went exactly like planned in the last post on EOS/BTC.
Resistance has never broken, therefore the bullish targets were never activated and we dumped to each important area mentioned in the previous post.
Right now we are about to hit my original long entry level.
If that holds, expect a big move up, however stopp losses can be adjusted (higher risk) to...
As Bitcoin is consolidating it may be an opportunity to the alts to peform after been correcting since Bitcoin's dominance were sucking alts powers.
This is a correlated idea about Bitcoin's dominance that you could check it out:
Neo were one of them that been showing so...
Here is another buying opportunity.
Take a look at the chart.
Targets to achieve:
Stop loss: 10/20% below the buy price.