I was watching EOS and comparing them to another crypto, and if you see the big picture, is hasn't even met half of the all time high!
In my opinion EOS it's a big bet, especially if the monthly candle closes above that resistance!
What do you guys think about this? Tell me in the comments bellow! :)
Last analysis we were waiting for the candle to close above 0.24300 (around the last big wick left). It ended up breaking a major bearish trend line and go till 0.30!
Right now i'm waiting for it to make a pullback to make a long entry, TP around 0.29.
Let me know what you think!
I was very hopefull for XRP to break the bearish trend line and go bullish but unfortunately we've seen the 4H candle close below a strong support.
Right now it's not a good time to place buys!
Probably will hit 0.22!
I'm still very hopefull for XRP to get to 0.30 but looking at the charts we see that:
XRP is stuck in a consolidation area for a few days now
We have a small bearish trend line that if it's broken, we can see it get to 0.2850 but it's still not enough to get to 0.30
There's a bullish trend line in yellow that was been respected and if it's broken,...
Right now we can see XRP in a small triangle pattern which can give us opportunity to make a quick day trading profit.
What should we expect?
At this point we don't know if it's going to break bullish or bearish. But when it breaks, we should wait for a pullback and a retest of the trendline so we can place a trade with the trend!
Like i've said in my previous analysis about XRP/USDT, it is stuck in a triangle pattern.
We need to wait to the 4H candle closes before placing any orders
1. If it closes above the base of the triangle, we place a buy order with TP1 around 0.2900 and TP2: 0.29500
2. If it closes bellow the base of the triangle, wait for it to retest, wait for...
Here's a very basic idea on where to expect a long entry.
1. XRP/USDT it's currently in a triangle pattern so we have to wait till it breaks the triangle to see where it's really going
2. In the mean while, we can also see a bullish trend line in a small timeframe:
What can we do about this?
Risky move: Wait till it breaks the trend line, wait...
Looks like the ending of the triangle pattern. My guess is that it's a trend continuation sign and will probably keep it's way up again!
Also, the 50 SMMA it's working as a support for BTC/USDT, let's see what's gonna happen in a few days!
What do you guys think?