EOS has broken two horizontal levels and one descending resistance, making LONG a priority. However, there're some reversal signals, for example, RSI is in overbought zone. Here we can expect local dump. You can open LONG only in case the price keeps above the supports, or in case of a fake breakdown after which the price will rapidly fly above the mentioned level.
#EOS #EOSBTC is leading the market and outperforms all large caps (including #BTC #Bitcoin).
Look here--decent pattern breakout leading into a confluence of indicators far above the price.
The first target on EOSBTC is roughly ~37% to the upside (~4750 Sats).
We are active trading EOS with the EOSU19 instrument, but the numbers there are equivalent to the EOSBTC pair, so you can use these numbers on this same chart...
EOSU19]8X]LONG]314.% ROE] High Risk, High Profits Lev. Trade
Now, let's take a look at EOS...
Hello guys the chart show case a price moving in a possible downtrend channel or even bull flag with price already completed waves (abc) currently we have wave d inview with potential target towards 0.000730.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss according to your risk...
I believe we are going to try upper channel again.
Everything pointing toward a next bull rally.
Good luck everyone ;)
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for...
We are waiting for price to break out one of the sides and reject from it so we will take position according to the plan.
Volume keeps dropping.
Hit 4H resistance zone.
For now accumulating in breaker block zone.
According to our BTC bullish view - shorting LTC is proiority now.
Price already tried to break the orderblock reistsance but was pushed down hard again...
Today’s chart will be on EOSBTC, potential bullish divergence!
Points to consider,
- Bullish cross on EMA’s
- RSI broke resistance
- Volume picking up slightly
- VPVR showing low volume of transactions
- Price putting in lower bottoms as RSI puts in higher bottoms (Bullish Divergence)
EOSBTC is looking quite interesting on the daily...