EOS rebounds, now at neckline
Helloooo guys, hope you're doing all fine! ;) After some 30% profit potential to the downside after the equilibrium break, EOS did a rebound together with grandpa BTC, and is right now at a critical neckline around 8,4 & 8,5 conservatively. => This might be a nice trade to play, if BTC sees follow through at the same time. The direct correlation as seen in EOS/BTC is right now building a similar pattern with upside potential.
On the 4H we have gained EMA 12 as support, while the EMA 26 perfectly comes as resistance at 8,52 right now. On the Daily we have a nice reversal hammer, holding previous support during the April lows. I wish you good luck trading it, and never forget to set your stop losses.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
On the 4H we have gained EMA 12 as support, while the EMA 26 perfectly comes as resistance at 8,52 right now. On the Daily we have a nice reversal hammer, holding previous support during the April lows. I wish you good luck trading it, and never forget to set your stop losses.
If you find my analysis helpful, please like & subscribe, and watch my daily videos! ;) (description in my status)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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