- Bullish Divergence BB%B
- Fibonacci Confluence matches div ( 3rd Fib cluster )
- Potentially bottomed in large channel
- Bollinger Band Squeeze ( potential large move in either direction )
- BBW all time high( existing trend is ending )
- Pending price action when price approaches the cloud.
- Increased Volume and...
EOS/ETH look like it bottomed out, and from here it can (hopefully) only go up. I think it's a good time to look at eth pairs. There is a bit of resistance at 0.00242 Eth. But I believe it will be broken
EOS breaking out vs USD. But this chart vs ETH is looking even more bullish.
This is one example why is good too swap top caps for EOS atm.
We can also use this chart not trade EOSETH directly but to understand if better to allocate to EOSUSD instead of ETHUSD.
Check EOS video analysis in link bellow.
Scariest time to buy is often the best. Quick move back to ema seems highly likely before continuation. Plenty of reasons for Blockone to bring value to EOS before ETH 2.0 launches. Higher time frames look the most obvious.
Building positions on ETH pairs slowly... this dump of the weekend on the $ pairs is just an rebalancing of the market... The dollar index gets his bearish retest. after the dust is settle down the whole market wil explode.
-the price keeps respecting descending trendline of support
-but based on the left side history
-the next key support is located -20% down more
-which coincide with two key factors; the swing Low support & Fib 0.786
-I'll update the chart if every see reach the target area below