EOS is currently located in the first important zone since we've updated one some time ago. If we see a bounce from the current points and breakout of the resistance, the price would be in the bullish quarter and we will be able to confidently open LONG position. However, if we the price breaks resistance - we would consider opening SHORT there.
Daily RSI just moved up over the line. Daily MACD doing upper minimuns. EMA 50 and 200 nearly to cross.
It still can go down if It breaks the support RSI line, but It looks like a huge move up is coming.
Exchange : Binance
Buy Zone: 0.000365~0.000355
Target Point: 0.000379/ 0.000389/ 0.0000412/ 0.000401/ 0.000437/ 0.000469
Risk: MIDDLE - HIGH
Term: Middle - Long
It`s making Symmetrical Triangle
The Chart and RSI are very similiar and The Volume is slowly down
It`s very short between Target, so be careful to sell...
It is currently in the testing phase of a triangle. If it does not cross this triangle, the EOS can be seriously down. In such a case, the USD pair can be seen as 0.50$.
It's not just for EOS. The whole market can crash.
Got rejected at ~38k sats (resistance) fitting into the upper trendline of the descending channel that we were tracking..
If market keeps pushing down we may see a retest of the 31k sats (~10%) support level..
UCTS turning red across the board
Priceline of EOS / Bictoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0003458 to 0.0003274
Sell between: 0.0003603 to 0.0003950