**********A much larger move was expected in unison with BTC break, signal look positive for a positive break despite the middle BB holding down the price. A Break above $6 would be very positive with much reduced volume pressure above. ALERTS ARE SET READY FOR A MOVE EITHER WAY, BUT WE HAVE A BIAS WITH THE BULLS.
I currently have no trades and this is not financial advice. This is for educational purposes.
As a price action student, one must be practicing constantly to be able to see and build the confidence of your trades.
Analyzing the 4-hour chart, a crucial resistance level is $6, while the vital support zone is $5. Currently, the quotes are trading at their local minima since the beginning of the month. The RSI indicator shows the oversold of the coin with the important point of 60. If we apply this pattern to our chart, we can predict that $5.5 is equal to the data of the...
EOS Bullish View, But don't chase high.
The recent rally may enocurage a lot of new investors to
"Choing" -- rush into this market.
However, 5.5-6.00 is strong supply zone and a lot of previous buyers were trapped there, a pull back may happen
Good Strategy is to buy the low,
4.5 is a good area to buy EOS.
I have mentioned earlier when BTC hit 3600, and...
Still in a triangle, boring i know. However, we do observing massive spikes and rallies in the ALT coin community.
So it is obvious to a lot of traders that a bottom is forming and accumulation by smart investors have occurred.
However, the big question is, Can this ascending triangle is just 1-2 wave into 3-4 bear wave?
Stay strong, HOLD the line. Patience...
Identify horizontal support and resistance lines using your choice of 6 methods.
Lookback window: Number of bars back to consider in calculations
Lookback window right (only applicable for methods 3 and 4): Number of bars to the right to consider in calculations
Number of S/R lines to plot: S/R lines to plot (currently the max setting is 4 so 8...
The price bounced from 6.00 resistance level. RSI and a candlestick pattern confirmed the price reversal. MACD histogram supports a possible downward movement, and the lines are going to prove the same soon. DMI is bullish and ADX line position tells us about trend market conditions. When ADX line starts falling, it will give us an additional confirmation for the...
$EOSUSD has an interesting chart here, it seems to be one of the highest potential coins together with $ETH and $BTC naturally, as far as technical patterns go. As far as fundamentals go I'll let others more knowledgeable on the tech behind it comment here if they like, I have heard good things coming from people I respect who are involved in this field.