i like hammer it worked for me once before on here and when i see a hammer form on the down trend and i know it didnt close yet but again i just want to see how it works if its going to flip it again to the next resistance lil tiny stop loss
Look so bad on EOS KRW.
Very weak support line just over the Lowest peak.
EOS KRW has to sustain its 5000s.
If BTC USD fall down to 5K again, it probably retests its LL area. I guess.
Keep calm & watch out its direction.
Touched its support line(falling wedge) : KRW 6690 is the edge of the support line on my chart.
But, BTC looks like heading to the lower place. XD
Let's keep watching its direction.
There is no strong support line under 6K, I guess.
Take care of your deal.
: Big Falling Wedge forming
: Small pennant is forming in the big falling wedge
: the price is under the trend line from KRW 4,280
: any meaningful price breakout is at least KRW 8700(breakout the trend line)
: if BTC falls down the price under 6K, EOS would fall down to 6618( KRW 6440 w/ overshoot)
: if BTC could walk on its upward trend to 9K, EOS could reach to...
Has been formed Double Top.
Forming Falling Wedge with strong support at 6,4XX KRW. 50MA is 9,436 KRW.
EOS KRW has been broken its long term uptrend(thin red line) and the uptrend has been turned into the resistance.
Its in the middle of the wedge pattern. If it couldn't break out its long term uptrend & resistance lind of the wedge, EOS could fallback to its Fib...
the price confirmed the Fibonacci level 0.618 as a support , this is a good sign for the continuation of the movement
ENTRY the closure of the four hour candle above the previous local maximum ( 15375 )
on the chart i have indicated the possible resistance levels
but be careful , there is no volume , this is a classic pump
The price confirmed the level of 0.382 as support , it's the sign for continuation of the movement .
In the purple rectangle we can see the accumulation of positions
ENTRY Closing the four hour candle above the level of 9560
EXIT The target level is 12271
RISKS In case of the fall of bitcoin, the movement will be canceled