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Bearish Pattern Detected - Watch out for this before longing
Hi guys,
My previous bullish analysis on EOS has been a great success and the price had reached well over my targeted price range.
I believe we are currently in a bearish triangle above. If we break above it then we will see the price range up to $13 range but if we break down then we will go to our next support which is around $9.50. If this support holds then it will go up to $13 and then to ATH. It's also important to analyze the EOS/BTC chart which shows EOS gaining a lot of traction against BTC.
I don't recommend shorting in a bull market but watch out before you go long at these levels. I expect a retrace. Daily and 4hr RSI is still in overbought category. Trade with caution, this is not financial advice.
My previous bullish analysis on EOS has been a great success and the price had reached well over my targeted price range.
I believe we are currently in a bearish triangle above. If we break above it then we will see the price range up to $13 range but if we break down then we will go to our next support which is around $9.50. If this support holds then it will go up to $13 and then to ATH. It's also important to analyze the EOS/BTC chart which shows EOS gaining a lot of traction against BTC.
I don't recommend shorting in a bull market but watch out before you go long at these levels. I expect a retrace. Daily and 4hr RSI is still in overbought category. Trade with caution, this is not financial advice.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.