EOSBTC aiming for Double Bottom
Hello Dear Friends,
I believe EOS will either go through a temporary correction or just continue its downtrend.
The key points in favor of this scenario are:
1. Head and Shoulders at the top.
2. Huge selling red volume bar at the top.
3. Bearish divergence in the MACD and RSI.
4. BTC is the king.
Key points against are:
1. If BTC decides to correct it could favor EOS temporarily.
2. Ethereum is highly correlated with EOS, so if ETH continues climbing its very likely EOS will climb too.
If you like this analysis, a like would be greatly appreciated. Thanks for reading.
Robertus
I believe EOS will either go through a temporary correction or just continue its downtrend.
The key points in favor of this scenario are:
1. Head and Shoulders at the top.
2. Huge selling red volume bar at the top.
3. Bearish divergence in the MACD and RSI.
4. BTC is the king.
Key points against are:
1. If BTC decides to correct it could favor EOS temporarily.
2. Ethereum is highly correlated with EOS, so if ETH continues climbing its very likely EOS will climb too.
If you like this analysis, a like would be greatly appreciated. Thanks for reading.
Robertus
Note
Bearish Engulfing in the house.Note
Homerun.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.