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
In Weekly chart we formed falling wedge and we still inside this pattern, so first we need reach resistance line at price around 0.0004800
In daily chart we can see down trend channel. We touched support line of channel and moving to midle line at 0.0004500 area also at this price we can see MA100...
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
Hi, today we are going to talk about EOS/BTC
We observe a daily chart , some important points such as supports and resistances (and levels of strength). The details are highlighted above.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive contents!
Disclaimer: All content of Golden Dragon...
As you can see EOSBTC has been going sideways lately, with a last peak with volume. Now volume is still and that should ring a bell in our bullish minds.
MACD signal crossed zero line signaling bullish trend.
ADX is telling us there's still no trend in PA but DI+ is over DI- so there's a probability a new bullish trend start if volume comes. As you know, when...
Trying to break from descending channel as it crosses ~38k sats level..
Volume starting to rise
UCTS Buy signal active on the 12H & lower tfs
RSI reaching overbought // Crossed EMA50
Looks good, if continuation happens ~41k // ~47k as targets
Always SL under support!
On a daily chart EOS price has formed a converged 2-ways net. The first call will occur in the first orange zone where priorities will be distributed. Now the priority is upward, as the price has moved out of the lower quarters to a higher level.
If the price remains in the bullish zone without entering the bearish quarters, then the next movement will be...
EOS/BTC is looking bullish on the 4H Timeframe, along with other major altcoins. EOS/BTC is trading inside an Ascending Triangle on 4H Timeframe - which is bullish in nature. Breakout is most Likely.
Entries- 0.000034-36 BTC
Exit- 0.00004-42 BTC
STOP: 0.000032 BTC
Timeframe: 2-5 Days