This Three Line Break (4h) chart highlights a pattern which has repeated itself several times recently.
1- A succession of bearish candles with average volume prints, followed by
2- A taller volume bar on a bearish candle, then
3- A reversal after 3 bearish candles with average to low volume.
Remark: the candles on the chart are not based on time intervals...
On my last post EOS/ETH was in overbot territory on the weekly and I was looking to add more on weakness.
The Bull Case:
Since then the pair experienced a reversion to 20DMA, STO back to the mid-area (no surprise!).
IMO the current setup could be a good entry point risk/reward-wise. Looking for a rebound on 20DMA. With a potential Exit ITM before meeting the...
On my last post EOS/ETH was in overbot territory on the weekly and I was looking to add more on weakness.
The Bull Case:
Since then the pair experienced a reversion to 20WMA, STO back to the mid-area (no surprise!).
IMO the current setup could be a good entry point risk/reward-wise. Looking for a rebound on 20WMA. With a potential Exit before meeting the upper...
The Performance of EOS mainnet is getting reward by the Market. Outperforming ETH since the End of 2018.
A bit overbot but the trend is still prevalent. I would get more on weakness.
Just my Opinion not Financial advice
