Weekly timeframe:
Looks bullish, but i think it's just retesting the previous resistance.
Just broke above a bullish tunnel.
Daily timeframe:
Looks bullish (price above 20MA)
Tested the Daily support on 0.037$ and is now heading to the next Daily resistance 0.046$.
4H timeframe:
Price increasing
Testing resistances at 0.04
1H Timeframe:
Double bottom...
30m Timeframe:
Entry level: above 4H resistance 0.89
Stop loss: below 1H support 0.87
Take profits: 0.98
Tested the 20MA on the 1Hr timeframe
Confirmation if green candle closes above 20MA
Stay cool and good trades
BM
EOS is far from it's ATH (almost 20$).
It's lacking buzz and the fact that it's main developer left this project (another one) it might be the end fot this coin.
BUT... It's still alive and everything is possible in the crypto world (XRP and DOGE recent pump).
So... for those interested in trading this coin, exiting or entering, here are my thoughts:
The overall...
I started to mark the All Time Low and All Time High on the Monthly, as well as the major support and resistance areas (purple areas) on the Weekly view.
Then I went to see the S/R on the Daily view to get better infos and also on the 4H.
Then I could see this trendlines of support and resistance forming a triangle.
Watching the volumes on the area I think it can...
I think there might be a positive trendline (in green) for ethereum.
We probably will see a minor correction further, but i expect the price to go up until probably 1600 in a few days...
Lets watch
Support and resistance levels in yellow and green;
Trend lines in blue;
ATH and ATL in the parallel channel;
Double top pattern (bearish signal);
Neckline is the entry zone to buy;
1st Selling zone is the previous ATH;
Stop loss is below the entry zone in the next support.
Bearish on the short term;
Bullish on the long term;
