We have a yellow channel in the Weekly whose top is coinciding with a support line that is acting as resistance now, if this pattern plays out, the target appears to be the previous bottom where there is support. RSI is also reaching the midway mark where it was rejected previously
However, breaking above this zone would be very bullish
Hey all you crypto traders,
I hope everyone is doing well in the markets. Just thought I'd share my take on what's happening.
By now I'm sure most of you have noticed that the markets are rising again and that it is very likely that we have found the bottom. My take, especially on EOS to USD is that price action has reached an overhead resistance around $3.85 -...
Also drew an arrow on the price candles to show 0.786 FIB @ $4.636493 is possible before we see reversal to downward pressure. Posting chart again here in comments just in case TV's platform scrunches up the chart too much:
The pattern is a Channel Down on 1W with the exception of a break-out (fundamental noise) during April - June. The key break-out point is the 4.5000 - 5.0000 Resistance zone. The price action below this level is bearish towards 2.2000, while above its bullish towards 8.0000.
As anyone who watches crypto on a regular bases knows, is that they all basically trade together and are highly correlated. Therefore, when we see an impressive move in one crypto it is often helpful to see which crypto was is the leader and which is the laggard. In the latest bullish moves in crypto ETH is the clear leader starting its bull run...
Fractals where on point in January, which is nice, but February is fast approaching and looks like we got weekly events.
I know, that everyone is sad that BTC is below 3.5k - You can thank the Asians for that.
However, what most of you already realize - actually most of alts already have bottomed out and beginning to really spike the hell up.
COINS such as,...
EOS is trying break above 100 Day MA & Horizontal Resistance around 3.02
A cleat break will take us to 200 Day MA which translates into 45% Gains from current level. Getting on board this one very soon after confirmation of the break
Since I'm currently working on my TA-course for beginners, I completely missed out on the break of EOS.
But still, in this post I wanna show you, how important the break of technical & psychological levels is, and how clueless it leaves online news media -especially in Crypto-space. Just to give an example, News-BTC author Martin Young asks immediately: "What...
EOS has hit my targets already however I am super greedy. I did not play the trade because I still cannot control myself. I got liquidated 3 months ago due to not using any stop loss.
After that I never entered a trade without a stop loss. However that liquidation made me really upset so I am still really scared to enter trades (even though I use stop loss...