Lets see how confluence works:
EOSUSDT trend is bearish on D and 12H. On 4H we are having some kind of bounce or consolidation bear flag. We know this channel is going to broke downwards, at least the market in general push bulls and invalidate TA. If nothing extraordinary happens, this is going to be a continuation pattern.
I see two possibilities:
After the rollback, there is an uptrend now.
In zone 3.2 - 3.3 there will be false breakdowns.
If there is growth there will be consolidation and further growth.
In another case, there will be a move to the 78.6% fibbo level.
This is an EOS Short Trade Signal. Price has formed a buyer exhausting candle stick pattern topping out at 4 hour 200 EMA resistance. Price formed a bearishly divergent higher high on the hourly at $3.27. I am scaling into a 7X short on the bearishly divergent bounce into the 3 hour 200 EMA with a tight 3% stop seeking a target near the 4 hour pivot candle close...
Despite the positive news about the launch of the EOSIO 2.0 protocol, the rate of EOS/USDT pair is not in a huge rush to bounce back to its ATH. After a strong downward squeeze on September 24 the price was only able to come back up to 3.30. Meanwhile, against the backdrop of a price decline of all altcoins the price dropped to the bottom boundary of the...
EOS will go for retracement into signed green zone after bearish divergence . If BTC won' t dump will EOS continue untill BIG resistance trendline of BIG falling wedge tracking from the beginning of correction .
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UPDATE 18/10/2019: EOS bottom probably $1.70 - $1.65
EOS traject 18/10/2019
BTC Zone by trend
- Price in Downtrend
- Period of time OCT - NOV - DEC
- Bottom probably $1.70 - $1.65
- Time of placement: 18/10/2019