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Falling wedge EOSBTC waiting for breakout
Hey guys, Eos has been downtrending for a while. We are currently in a falling wedge and have found support at 3100 which is also a triple bottom. RSI is very low indicating sellers are exhausted. Bollinger bands are squeezing which looks like we are ready to make a move. If we breakout of the wedge then i will be taking a long position. If support doesn't hold here then perhaps a short position. Just my thoughts, this is not trading advice.
Nota
Breaking out right now.Trade ativo
My upper trend line was a little off which I have updated now. We are pushing against resistance which isnt good but we are getting closer to the end of the wedge so we should expect a squeeze to the upper or lower side anytime soon.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.